California Climate Investments
Funded solely by Cap-and-Invest proceeds formerly known as Cap-and-Trade, California Climate Investments puts billions of dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment - especially in disadvantaged communities.
More about this program
Cap-and-Invest Dollars at Work
View the 2025 Annual Report
The 2025 Annual Report to the Legislature on California Climate Investments Using Cap-and-Trade Auction Proceeds is a key resource for tracking progress on the status and outcomes of California Climate Investments, which are funded by Cap-and-Invest auction proceeds deposited into the Greenhouse Gas Reduction Fund.
Investments in your community
Investments benefiting Californians
Program events & announcements
External Links
Learn More About Funding Opportunities
Climate Investments Technical Assistance
Improving Public Health