2018 Cap-and-Trade Auction Proceeds Annual Report

The Department of Finance and the California Air Resources Board (CARB) have released the 2018 Annual Report to the Legislature on California Climate Investments using Cap-and-Trade auction proceeds. CARB also released an updated interactive map including each implemented project in the State.

Communities throughout the State are realizing a wide range of benefits, including more transit options; increased affordable housing opportunities near jobs and services; improved mobility options through transit, walking, and biking; cleaner air through zero-emission vehicles; expanded job opportunities; energy and water savings; expanded tree cover; and greener, more vibrant communities. These funds also support the State’s ability to drive innovation, advance emerging technologies, and enhance natural and working lands.

Assembly Bill 1532 (Pérez, Chapter 807, Statutes of 2012) requires the Department of Finance to submit an Annual Report to the Legislature on the status and outcomes of projects funded using Cap-and-Trade auction proceeds. The 2018 Annual Report summarizes programmatic investments from the proceeds, and provides estimates of greenhouse gas emission reductions expected from project investments. It also provides key statistics on benefits to disadvantaged communities, low-income communities, and low-income households; demand for funding; and leveraged funds.

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