Workshop on Cap-and-Trade Auction Proceeds Fifth Triennial Investment Plan

February 15, 2024

The California Air Resources Board (CARB) invites you to participate in a virtual public workshop on the development of the Cap-and-Trade Auction Proceeds Fifth Triennial Investment Plan (Investment Plan). Every three years, the Department of Finance, in consultation with CARB and other State agencies, submits an investment plan to the Legislature to guide the investment of Cap-and-Trade auction proceeds. The Fifth Triennial Investment Plan will cover Fiscal Years 2025-26 through 2027-28 and is due to the Legislature in January 2025. Over the course of 2024, CARB will work with the Department of Finance, other State agencies, and interested parties to identify priority investments to recommend in the Investment Plan. Investment recommendations identified in the Investment Plan do not guarantee funding but rather provide guidance to the Legislature on potential funding priorities. This initial public workshop provides the public with an opportunity to learn more and share early input on investment priorities for consideration in the Investment Plan. The workshop will be held via Zoom webinar at the following date and time:

DATE: February 15, 2024

TIME: 3:00 p.m. – 4:30 p.m.

LOCATION: Virtual Workshop

The presentation and any additional supporting materials will be posted to the Investment Plan webpage ahead of the workshop. This webpage also contains more information about the Investment Plan, including past investment plans.

How to participate

To participate in the workshop, please register before February 15, 2024, 3:00 p.m. After registering, you will receive a confirmation email with information to join the webinar either through a computer, digital device, or via phone line. The workshop will be conducted in English with Spanish interpretation. During the workshop, participants will be able to ask questions and provide comments through the Zoom “raise hand” feature or via phone line. Participants also have the option of emailing ggrfprogram@arb.ca.gov with their questions and comments.

Background

California Climate Investments is a statewide initiative that puts Cap-and-Trade dollars to work to reduce greenhouse gas emissions, strengthen the economy, and improve public health and the environment---particularly in disadvantaged and low-income communities. California Climate Investments encompass a diverse portfolio of projects including affordable housing, renewable energy, public transportation, zero-emission vehicles, sustainable agriculture, recycling, and much more. At least 35 percent of these investments are made in disadvantaged communities and low-income communities and households. To learn more, visit the California Climate Investments website.

Contact

If you have questions about the workshop, please email ggrfprogram@arb.ca.gov. To receive regular updates about California Climate Investments, please sign up for the Newsletter.

In accordance with California Government Code Section 7296.2, special accommodations or language needs may be arranged for any of the following circumstances:

An interpreter to be available during the workshop;
Documents available in an alternate format (i.e. Braille, large print) or another language; and/or
A disability-related reasonable accommodation.

To request a special accommodation or language needs, please contact Alex Stockton at Alex.Stockton@arb.ca.gov as soon as possible, but no later than 10 business days before the scheduled event. TTY/TDD/Speech to Speech users may dial 711 for the California Relay Service.