CalEPA, CARB Host Climate Investment Meetings

The California Environmental Protection Agency (CalEPA) and California Air Resources Board (CARB) staff are hosting public meetings to discuss use of proceeds raised through the state’s cap-and-trade auctions to fund projects that reduce greenhouse gases in disadvantaged and low-income communities through the California Climate Investments initiative.

According to CARB, the meetings focus on two questions: how to identify disadvantaged communities and how to assess benefits of proposed projects to individuals living in these communities.

CalEPA and CARB staff are hosting three meetings – one in Fresno, a second in Los Angeles and a third in Oakland – to share their initial thinking on these issues and seek public input. As reported, these meetings are part of the implementation of S.B.535 and A.B.1550.

In addition, a webinar will be presented on Tuesday, Feb. 7, from 2:00 p.m. to 4:00 p.m.

California Climate Investments is a statewide initiative that puts billions of cap-and-trade dollars to work reducing greenhouse-gas emissions, strengthening the economy, and improving public health and the environment – particularly in disadvantaged communities. The cap-and-trade program also creates a financial incentive for industries to invest in clean technologies and develop innovative ways to reduce pollution.

California Climate Investment projects include affordable housing, renewable energy, public transportation, zero-emission vehicles, environmental restoration, more sustainable agriculture, recycling and much more. At least 35% of these investments are made in disadvantaged and low-income communities.

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