CALIFORNIAS CAP-AND-TRADE PROGRAM MAINTAINING THE CURRENT - - PowerPoint PPT Presentation

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Feb 11, 2024 280 likes •335 views

CALIFORNIAS CAP-AND-TRADE PROGRAM MAINTAINING THE CURRENT IMBALANCE IN FUNDING WILL CREATE A PERMANENT DISADVANTAGE FOR SOUTHERN CALIFORNIA SCAG: S outhern C alifornia A ssociation of G overnments SCAG Facts 191 48.2% 19 Cities State

SLIDE 1

SCAG: Southern California Association of Governments

CALIFORNIA’S CAP-AND-TRADE PROGRAM

MAINTAINING THE CURRENT IMBALANCE IN FUNDING WILL CREATE A PERMANENT DISADVANTAGE FOR SOUTHERN CALIFORNIA

SLIDE 2

SCAG Facts

19

Million People

48.2%

State Population

191

Cities

6

Counties

$1.13T

Regional GDP

16th

Largest Economy in the World

67%

State’s Disadvantaged Communities 38,618 Square Miles

SLIDE 3

Greenhouse Gas Reduction Fund (GGRF)

Breakdown of Funds

GGRF Funds Not Implemented $3,193B SCAG $366M Elsewhere in CA $520M HSR $348M

Not Implemented SCAG Elsewhere in CA High-Speed Rail (HSR)

With Nearly HALF of the State’s Population, the SCAG Region has Received Only 29.6% of Implemented GGRF Funds Total Implemented GGRF Funds: $1.234B

SLIDE 4

2016 Cap-and-Trade: Implemented Funds

What is Southern California’s Share?

0.0% 31.7% 49.8% 48.2% 26.3%

High-Speed Rail Affordable Housing & Sustainable Communities Low Carbon Transportation Transit & Intercity Rail Everything Else

SCAG Share Rest of State

SCAG Region Share of CA Population: 48.2%

SLIDE 5

A Call to Action

1. Mandated climate goals without

the necessary allocation of resources to Southern California cannot persist.

2. The Governor’s extension must

carry language establishing a minimum funding baseline based

n population.
3. A regional equity component for Cap-and-Trade