Wednesday, October 28, 2015

California Climate Investment Plan Draft Released

The California Air Resources Board has released a new draft of the investment plan for proceeds of cap-and-trade auctions.  The plan will serve as a guide for the several billion dollars in auction revenue expected from 2016 to 2019.  Revenues will be used for a variety of public investments and incentives for consumer and business actions.

Hearings on the plan will take place in early November and comments will be accepted until November 13. A new draft will be released in early December, followed by a hearing before the Air Resources Board on December 17-18.  The plan will be submitted to the legislature in January.

The draft document (linked here) includes detailed background and a series of graphics that provide an excellent overview of the California climate program and related uses of auction proceeds.  Below are some examples:

Source: (10//27/2015 Draft) Cap-and-Trade Auction Proceeds Second
Investment Plan: Fiscal Years 2016-17 through 2018-19
   Source: (10//27/2015 Draft) Cap-and-Trade Auction Proceeds Second
Investment Plan: Fiscal Years 2016-17 through 2018-19

Source: (10//27/2015 Draft) Cap-and-Trade Auction Proceeds Second
Investment Plan: Fiscal Years 2016-17 through 2018-19

Source: (10//27/2015 Draft) Cap-and-Trade Auction Proceeds Second
Investment Plan: Fiscal Years 2016-17 through 2018-19

Source: (10//27/2015 Draft) Cap-and-Trade Auction Proceeds Second
Investment Plan: Fiscal Years 2016-17 through 2018-19











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