The Draft Second Investment Plan for Fiscal Years 2016-17 through
2018-19 and details for the three public workshops are now
available. Information can be found at:
http://www.arb.ca.gov/investmentplan.
To guide the investment of Cap-and-Trade auction proceeds, the
Department of Finance, in consultation with the Air Resources
Board and other State agencies, is required to submit a three
year Investment Plan to the Legislature that identifies
investments to help California achieve its greenhouse gas
reduction goals, while realizing additional health, economic, and
environmental benefits. The Investment Plan does not propose any
specific funding levels or percentage allocations–those decisions
are made by the Legislature in the State Budget process.
The Draft Second Investment Plan is now available and will be
discussed during three public workshops. In each location,
representatives from the Department of Finance, the Air Resources
Board, and other State agencies will provide an overview of
current investments, introduce the draft recommendations
presented in the document, and respond to questions to aid
stakeholders in developing written comments on potential future
investments. The same material will be presented at these three
workshops.
SACRAMENTO – with webcast
Tuesday, November 3, 2015 (Afternoon)
FRESNO – with live video feed in MODESTO and BAKERSFIELD
Wednesday, November 4, 2015 (Evening)
LOS ANGELES
Thursday, November 5, 2015 (Evening)
Written comments are due by November 13, 2015. Public feedback
received at the workshops and in writing will inform the
preparation of a Revised Draft Second Investment Plan, which will
be presented at a public hearing on December 17-18, 2015, in
Sacramento. The Final Second Investment Plan is due to the
Legislature in January 2016.
To download a copy of the Draft Second Investment Plan and for
more details on the public workshops, please visit:
http://www.arb.ca.gov/investmentplan.
BACKGROUND:
Assembly Bill 32, the California Global Warming Solutions Act of
2006 (AB 32; Nunez, Chapter 488, Statutes of 2006) is a
comprehensive, multi-year program to reduce greenhouse gas
emissions in California. The Air Resources Board has adopted a
Scoping Plan and, together with other State and local agencies,
has developed and implemented numerous regulations and programs,
including the Cap-and-Trade Program to reduce emissions to meet
AB 32 goals.
California is in a drought emergency.
Visit www.SaveOurH2O.org for water conservation tips.
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The energy challenge facing California is real. Every Californian
needs to take immediate action to reduce energy consumption. For
a list of simple ways you can reduce demand and cut your energy
costs, visit the Flex Alert website at www.flexalert.org .
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