California Air Resources Board

Every three years, the Department of Finance, in consultation with the California Air Resources Board (CARB) and other State agencies, submits an Investment Plan to the Legislature to guide the investment of Cap-and-Trade auction proceeds. The Cap-and-Trade Auction Proceeds Fourth Investment Plan (Fourth Investment Plan) will cover Fiscal Years 2022-23 through 2024-25 and is due to the Legislature in January 2022. Priority investment types identified in the Investment Plan do not guarantee funding but rather provide recommendations to the Legislature on potential funding opportunities to consider.

Draft Fourth Investment Plan

Public Comment Period

The Administration has released a Draft Fourth Investment Plan for a 30-day public comment period. Please submit written comments by September 17, 2021 at 5:00 PM (PDT).

Submit Comments

Upcoming Virtual Workshop

In addition to the written public comment period, CARB invites you to participate in a virtual public workshop on the Draft Fourth Investment Plan. The upcoming workshop provides the public with an opportunity to learn more about and share input on the Draft Fourth Investment Plan. The workshop will be held via Zoom webinar at the following date and time. The presentation and any additional supporting materials will be posted to the Investment Plan webpage prior to the workshop. This webpage also contains more information about the Investment Plan as well as an event flyer.

DATE: September 2, 2021

TIME: 2:30 p.m. – 5:00 p.m.

LOCATION: Virtual Workshop

Register

How to Participate

To participate in the workshop, please register before the workshop begins. After registering, you will receive a confirmation email with information to join the webinar either through a computer, digital device, or via phone line. The workshop will be conducted in English with live Spanish interpretation. During the Zoom webinar, participants will be able to ask questions and provide comments through the Zoom “raise hand” feature or via phone line.

Telephone Access Only

Call 1 (636) 651-3185 or 1 (877) 810-9415 (toll free) and enter in the conference code: 522431. The webinar ID is: 854 6400 0405 and passcode 461642. To ask a question or comment over the telephone, dial *9 to “raise your hand” and *6 to mute/unmute your phone line.

Please note that there is no in-person attendance option for this meeting.

Background

California Climate Investments is a statewide initiative that puts Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment—particularly in disadvantaged and low-income communities. California Climate Investments projects include affordable housing, renewable energy, public transportation, zero-emission vehicles, sustainable agriculture, recycling and much more. At least 35 percent of these investments are made in disadvantaged communities and low-income communities and households. To learn more, visit the California Climate Investments website.

Contact

If you have questions about the workshop, please email ggrfprogram@arb.ca.gov. To receive regular updates about California Climate Investments, please sign up for the email list.

If you require a special accommodation or language needs for any of the following: 

• An interpreter to be available during the workshop;
• Having documents available in an alternate format (i.e., Braille, large print) or another language;
• A disability-related reasonable accommodation.

Please contact Kathryn Kynett at kathryn.kynett@arb.ca.gov as soon as possible, but no later than 10 business days before the scheduled event. TTY/TDD/Speech to Speech users may dial 711 for the California Relay Service.