California Air Resources Board

California Climate Investments is a statewide initiative that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas (GHG) emissions; strengthening the economy; improving public health and the environment; and providing benefits to residents of disadvantaged communities, low-income communities, and low-income households, collectively referred to as “priority populations.”

California Climate Investments comprise programs funded by appropriations from the Greenhouse Gas Reduction Fund (GGRF). The California Air Resources Board (CARB or Board) developed these Funding Guidelines to provide direction for agencies that administer California Climate Investments.

The purpose of the Funding Guidelines is to provide guidance for administering agencies so they design and implement their programs in a way that:

• Facilitates GHG emission reductions
• Meets statutory requirements
• Maximizes benefits to disadvantaged communities
• Targets investments to disadvantaged communities, low-income communities, and low-income households to help ensure statutory investment minimums are met or exceeded
• Provides accountability and transparency
• Supports consistency across programs

The Funding Guidelines assist administering agencies in program implementation including guidance on preparing an Expenditure Record, developing guidelines and solicitation materials, and reporting outcomes from funded projects.