AB 32 Cap-and-Trade Auction Proceeds Investments Website: - - PowerPoint PPT Presentation

AB 32 Cap-and-Trade Auction Proceeds Investments

Website: www.arb.ca.gov/auctionproceeds Email: GGRFProgram@arb.ca.gov

California Climate Investments

• State proceeds from cap-and-trade auctions
• Invest in projects that reduce greenhouse

gases, benefit disadvantaged communities, and achieve co-benefits

• Triennial investment plan, then Legislature

and Governor allocate funds via Budget

• Over $2 Billion allocated to date

Program Structure

Governor and Legislature

• Governor Proposes Budget
• Legislature Appropriates Funds
• Informed by Investment Plan

State Agencies

• CalEPA Identifies Disadvantaged

Communities

• ARB Develops Guidance
• State Agencies Develop Programs

Programs

• Projects are

Funded

Statutory Requirements

• 1. Reduce GHG emissions
• 2. Direct investment toward the most disadvantaged communities in the

State

• ≥ 25% of the proceeds to projects that benefits to disadvantaged communities
• ≥ 10% of the proceeds to projects located within disadvantaged communities
• 3. Maximize economic, environmental, and public health benefits to the

State

• Foster job creation by promoting in-State GHG emission reduction projects carried out by

California workers and businesses

• Complement efforts to improve air quality
• Provide opportunities for businesses, public agencies, nonprofits, and other community

institutions to participate in and benefit from statewide efforts to reduce GHG emissions

• Lessen the impacts and effects of climate change on the State’s communities, economy, and

environment

ARB Role

• Work with Finance and the Administration on

the triennial Investment Plan

• Funding guidelines for agencies to ensure

statutory requirements are met, including

– Accountability and transparency, including reporting requirements – Guidance on maximizing benefits for disadvantaged communities – Expenditure Records – Quantification Methodologies – Annual Report to Legislature with Finance

GGRF Appropriations by Fiscal Year

2013-14 2014-15 2015-16 HSRA - High Speed Rail*

• $ 250M

$ 500M Caltrans - Low Carbon Transit Operations*

• $ 25M

$ 100M CalSTA - Transit and Intercity Rail Capital*

• $ 25M

$ 200M SGC – Afford. Housing/Sustainable Communities*

• $ 130M

$ 400M ARB - Low Carbon Transportation $ 30M $ 200M $ 95M CSD – Residential Weatherization/Solar

• $ 75M

$ 79M CEC - Energy Efficiency for Public Buildings

• $ 20M
• DWR – Water Energy Efficiency

$ 30M $ 20M $ 20M CDFA - Agricultural Energy Efficiency $ 10M $ 25M $ 40M CDFW - Wetlands and Watershed Restoration

• $ 25M

$ 2M CALFIRE – Sustainable Forests

• $ 42M
• Cal Recycle - Waste Diversion
• $ 25M

$ 6M Total (as of Sept. 2015) $ 70M $ 862M $1,442M

*Continuously appropriated agencies. FY2015-16 amounts from 2015 May Revise Budget estimates

Clean Transportation Programs and Sustainable Communities

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Transit and Intercity Rail Capital Low Carbon Transit Operations High Speed Rail Low Carbon Transportation Affordable Housing and Sustainable Communities

Transit and Intercity Rail Capital Program

(California State Transportation Agency)

• What: rail and bus capital projects, and operational

improvements that result in increased ridership and reduced greenhouse gas emissions.

• Who: public agencies that operate intercity or

commuter passenger rail or urban rail transit service

• How: competitive grants
• When: Transit agency proposals due 4/5/16
• Next: $200M potential for 2015-16 (10% continuous)
• http://www.dot.ca.gov/hq/MassTrans/tircp.html

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Low Carbon Transit Operations Program

(California Department of Transportation)

• What: new or expanded bus or rail services,

expand intermodal transit facilities (equipment acquisition, fueling, maintenance and related

• perating costs)
• Who: 200+ transit agencies across California
• How: distributed by statutory formula
• When: Transit agency proposals due 2/1/16
• Next: $100M proposed for 2015-16 (5%

continuous)

• http://www.dot.ca.gov/hq/MassTrans/lctop.html

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How Funding Guidelines Support Investment Requirements and Goals

Provide direction on:

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• Accountability and transparency
• Making GHG reductions a top priority
• Designing and implementing programs

Volume 1

• Maximizing benefits to disadvantaged

communities Volume 2

• Tracking and reporting for “California

Climate Investments” Volume 3

Disadvantaged Community Requirements

• Criteria for Evaluating Benefits for

Disadvantaged Communities can be found in ARB’s Funding Guidelines.

• Appendix 2.A
• CalEPA identifies DACs for investment

based on CalEnviroScreen 2.0 (www.calepa.ca.gov/EnvJustice/GHGInvest/ default.htm)

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DAC Requirements, Cont.

• Provide at least 25 percent of available

funding to projects that provide a direct, meaningful, and assured benefits to a DAC

• Provide at least 10 percent of available

funding for projects located within a DAC

• LCTOP: At least 50% of the total moneys

received shall be expended on projects that will benefit disadvantaged communities.

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Framework for Quantification and Reporting

Funding Guidelines Overall structure and process for quantification, reporting, and tracking requirements. Quantification Methodology Project-type GHG reduction quantification methods and reporting guidance. Project Tracking System Tracking and reporting system for funded projects.

Process for Updating Quantification Methods

Reporting Outcomes

• Agencies must submit data annually
• Project profile data with estimated benefits
• Project description, location, amount of funding
• Schedule and status
• GHG reductions and co-benefits
• Benefits to disadvantaged communities
• Ongoing status updates and follow-up

reporting to document achieved benefits

• Future online tracking system
• Public access to interactive map and data

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For More Information

• Links and info on

all programs

• Upcoming events

for each agency

• Guidance

documents

Web: www.arb.ca.gov/auctionproceeds Email: GGRFProgram@arb.ca.gov