California Climate Investments
Funding comes from Cap-and-Trade auction proceeds to support a wide range of programs and projects that reduce greenhouse gas emissions and deliver other economic, environmental and public health benefits for Californians, including meaningful benefits to the most disadvantaged communities, low-income communities, and low-income households.
The Legislature appropriates money from the Greenhouse Gas Reduction Fund (GGRF) to State agencies that administer California Climate Investments programs through the Budget process.
- The first appropriations in Fiscal Year (FY) 2013-14 provided over $70 million to programs.
- In FY 2014-15, appropriations included over $850 million, resulting in a significant expansion of programs and projects.In FY 2015-16, the Legislature and Governor appropriated approximately $1.3 billion, which provided funding to continue a subset of programs established in the previous fiscal years.
- In FY 2016-17, the Legislature and Governor appropriated over $1.1 billion for existing and new programs.
- In FY 2017-18, the Legislature and Governor appropriated over $2.7 billion for existing programs and expanded the program to include investments in community air protection, renewable energy in the agricultural sector, climate readiness adaptation, fire protection, and conservation easements.
- In FY 2018-19, the Legislature and the Governor appropriated over $1.5 billion for new and existing programs.
Learn about these investments and track projects throughout the State at Cap-and-Trade Dollars at Work.