{"id":72616,"date":"2025-05-07T18:55:21","date_gmt":"2025-05-08T01:55:21","guid":{"rendered":"https:\/\/lapost.us\/?p=72616"},"modified":"2025-05-07T18:55:21","modified_gmt":"2025-05-08T01:55:21","slug":"state-invests-nearly-33-billion-in-cap-and-trade-dollars-to-make-communities-cleaner-and-healthier","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=72616","title":{"rendered":"State invests nearly $33 billion in cap-and-trade dollars to make communities cleaner and healthier"},"content":{"rendered":"\n\n\n
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What you need to know:<\/strong>\u00a0A new report details nearly $33 billion raised for climate projects and direct support for Californians funded by cap-and-trade, as Governor Gavin Newsom and legislative leaders seek an extension of the program.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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SACRAMENTO \u2013 Governor Gavin Newsom today announced that nearly $33 billion has been raised from polluters to fund climate solutions in communities across the state with money from the state\u2019s cap-and-trade program, according to a\u00a0new report<\/a>\u00a0published by the California Air Resources Board (CARB).<\/p>\n

The annual report provides detailed information about California Climate Investments (CCI), which distributes funds generated by cap\u2011and\u2011trade to 117 climate programs across the state.<\/p>\n

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\u201cCalifornia is proving that cutting pollution creates jobs and boosts communities. By holding polluters accountable, we\u2019re sending billions of dollars back to communities and back to people\u2019s wallets through credits on utility bills. And we\u2019ve got the receipts: healthier and cleaner communities and thousands of good paying jobs.\u201d<\/h4>\n
Governor\u00a0Gavin Newsom<\/strong><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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CARB oversees CCI, which puts cap\u2011and\u2011trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health \u2014 particularly among communities and households facing greater economic and environmental challenges.<\/p>\n

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In 2024, cap-and-trade investments went to nearly 12,000 new projects using $1.9 billion in funding, with $1.2 billion directly benefiting communities and households. The investments are a key part of Governor Newsom\u2019s\u00a0build more, faster agenda<\/a>\u00a0delivering infrastructure upgrades and creating jobs across the state.<\/p>\n

Since the program\u2019s inception 11 years ago, over $18 billion in funding has been awarded, with nearly $13 billion of that having already gone to over half a million projects that are complete or in progress. Project funding already on the ground is expected to wipe out emissions equivalent to taking more than 80% of the state\u2019s gas cars off the road for a year, with billions of dollars more in the process of being disbursed.<\/p>\n

Examples of investments include:<\/p>\n