California Climate Investments —a program designed to put billions of dollars to work to reduce greenhouse gas emissions—is funded with proceeds from the State’s Cap-and-Trade GHG emissions reduction program and is administered by the California Air Resources Board (ARB). Since 2013, the California Legislature has appropriated $15.4 billion in California Climate Investments funds for projects statewide, $9 billion of which are either underway or completed. Approximately $4.5 billion of all implemented funds directly benefit California’s priority populations, which include disadvantaged and low-income communities and low-income households statewide. California Climate Investments will provide about 70 million metric tons of GHG emissions reductions, the equivalent of taking 14 million cars off the road for a year. This does not include expected GHG emissions reductions attributable to the High-Speed Rail project. More than 20 state agencies manage investments in more than 70 programs. New investments since December 2020 total 53,800 projects, including […]