The Revised Draft Second Investment Plan for Fiscal Years 2016-17
through 2018-19 is 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 annual State Budget process.
The Revised Draft Second Investment Plan is now available and
will be presented at the December 17, 2015 Board hearing. At the
Board hearing, staff will provide an overview of the draft
recommendations presented in the document.
Written comments are due by December 14, 2015. Public feedback
received at the Board hearing and in writing will inform the
preparation of the final Second Investment Plan, which is due to
the Legislature in January 2016.
To download a copy of the Revised Draft Second Investment Plan,
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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following lists: auctionproceeds, cc, ej.
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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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