What you need to know: Californians buying their first zero-emission vehicle can now get $1,750-$3,500 off a new or used model from select automakers through California’s MyFirstEV program. By matching the state’s $135 million investment, these automakers are helping deliver a combined $270 million in total savings to help more Californians go electric.
What you need to know: California’s Community Air Protection Program continues delivering air quality gains in neighborhoods with longstanding pollution challenges. A new report shows the statewide lifetime reduction of 27,000 tons of air pollution and 293,000 metric tons of greenhouse gas through expanded monitoring, strengthened enforcement, new rules targeting major pollution sources, and significant investments of Cap-and-Invest funds in clean air projects across 19 communities.
Lo que necesita saber: La Junta de Recursos del Aire de California publicó un nuevo informe que muestra que el programa estatal Cap-and-Invest ha generado 36.2 mil millones de dólares para inversiones climáticas, de los cuales 15.5 mil millones se han implementado a través de más de 600,000 proyectos. Con miles de millones aún por implementar y con 8 mil millones adicionales en ingresos estimados hasta 2030, se espera que estos fondos continúen reduciendo emisiones y respaldando empleos en todo el estado durante los próximos años.
What you need to know: The California Air Resources Board released a new report showing the state’s Cap-and-Invest program has generated $36.2 billion for climate investments, $15.5 billion of which have been implemented through over 600,000 projects. With billions yet to be implemented and $8 billion in additional proceeds estimated through 2030, these funds are expected to continue reducing emissions and supporting jobs across the state for years to come.
What you need to know: The California Air Resources Board approved the next round of funding for the Air Quality Improvement Program and allocated it to the state’s Clean Off-Road Equipment Voucher Incentive Project (CORE). CORE encourages California off-road equipment owners to purchase or lease commercial zero-emission off-road equipment. Off-road equipment continues to be a considerable source of emissions and an incentive funding category with high demand throughout the state.
What you need to know: California, Québec and the State of Washington today officially took an initial step towards linking their carbon markets, bringing increased efficiency, market stability, and driving further investment in cleaner fuels and technology.
SACRAMENTO – Today, officials from California and Québec signed an agreement with the State of Washington, marking an advancement in the process of linking their Cap-and-Invest with the already linked programs in California and Québec.
What you need to know: The California Air Resources Board awarded nearly $7.3 million in planning and capacity-building grants to 16 projects statewide following unprecedented demand.
SACRAMENTO - Responding to unprecedented demand, the California Air Resources Board (CARB) has awarded nearly $7.3 million to support 16 community driven transportation planning and capacity-building projects in communities across the state.
What you need to know: Following the Legislature’s enactment last year of laws extending California’s Cap-and-Invest Program through 2045, CARB proposed the updates adopted today to balance legislative direction, affordability, jobs and near-term economic concerns while also ensuring emissions reductions and providing a long-term signal for the market.
SACRAMENTO – Today at noon (PST), California and Quebec released the results of the 47th joint California Cap-and-Invest and Quebec Cap-and-Trade auction of carbon allowances from both jurisdictions. The final numbers include sales figures and settlement prices for Current Vintage allowances (2024 and 2026) and Advanced Vintage allowances (2029).
Current Vintage
Number offered: 49,647,415
Number sold: 49,647,415
Settlement price: $28.81
Advance Vintage
What you need to know: The California Air Resources Board settled with Volvo Group North America, LLC for nearly $197 million for alleged violations of emissions and certification requirements. The state will receive almost $18 million in penalties and $71 million towards mitigation of the air quality harms caused by the violations, with an additional $108 million going towards emission reduction projects across California.