California spends $1.3 billion from cap-and-trade on climate action projects

By RIA ROEBUCK JOSEPH THE CENTER SQUARE CONTRIBUTOR

(The Center Square) - In 2022 California spent $1.3 billion dollars on nearly 19,500 projects to cut pollution and transition to zero emissions vehicles. Projects in communities with households facing greater economic and environmental challenges, consumed 74% of the budget.

The California Climate Investments report declares, “Across California, 75 California Climate Investments programs administered by 23 state agencies are continuing to direct billions of dollars into the state’s transition to a low-carbon and more equitable future.” communities disproportionately lacking the capacity to invest in low-carbon practices, transportation, or climate resiliency, or those with exposure to multiple sources of pollution, have been named as priority populations and targeted for a greater percentage of revenue.

“Programs are reducing GHG (greenhouse gas) emissions by providing incentives for zero emission vehicles and equipment, increasing clean mobility options through transit and active transportation projects, diverting organic waste from landfills to composting, and more,” the report touted.

The implemented projects that cost nearly $1.3 billion, in addition

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