California Climate Investments
Funded solely by Cap-and-Trade proceeds, 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-Trade Dollars at Work
Release of the 2024 Annual Report
The 2024 Annual Report to the Legislature on California Climate Investments Using Cap-and-Trade Auction Proceeds serves as an important resource to track progress on the status and outcomes of California Climate Investments, which are funded by Cap-and-Trade auction proceeds deposited into the Greenhouse Gas Reduction Fund.
Across California, 89 California Climate Investments programs administered by 24 state agencies direct billions of dollars into our state’s transition to a low-carbon and more equitable future. In 2023, California Climate Investments implemented nearly $1.7 billion, delivering major investments toward low-carbon transportation, affordable housing, forest health, and community air protection. Since the first appropriations to administering agencies were made in 2014, California Climate Investments programs have implemented more than $11.0 billion. These dollars are delivering major economic, environmental, and public health benefits for Californians, including meaningful benefits to the most disadvantaged communities and low-income communities and households.
Investments in your community
Investments benefiting Californians
Program events & announcements
External Links
Learn More About Funding Opportunities
Climate Investments Technical Assistance
Improving Public Health