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California Climate Investments

Abstract

California Climate Investments is a statewide initiative that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas (GHG) emissions, strengthening the economy and improving public health and the environment—particularly in disadvantaged communities, low-income communities, and low-income households.

Proceeds from the Cap-and-Trade Program facilitate comprehensive and coordinated investments throughout California that further the State’s climate goals. Communities where investments occur are realizing a wide range of benefits, including: increased affordable housing opportunities; improved mobility options through transit, walking, and biking; cleaner air through zero-emission vehicles; job creation, energy and water savings; and greener, more vibrant communities.

The State’s portion of the Cap-and-Trade auction proceeds are deposited in the Greenhouse Gas Reduction Fund (GGRF), and used to further the objectives of the California Global Warming Solutions Act of 2006 (Assembly Bill 32 (AB 32); Núñez, Chapter 488, Statutes of 2006).

To date, more than $9 billion dollars have been appropriated by the Legislature to State agencies implementing GHG emission reduction programs and projects.

Speaker

James Tipton, M.S.
Air Resources Engineer
California Air Resources Board

Jamie Tipton works as a lead air resources engineer in the Climate Investments Branch – Benefits section of the California Air Resources Board. The Benefits section is responsible for developing the quantification methodologies for the transportation and sustainable communities, and clean energy and energy efficiency sectors.

Jamie has a master’s degree in civil and environmental engineering from the University of California, Davis.