This isn’t the deal to extend cap-and-trade, but it may help achieve it: Governor Jerry Brown and legislative leaders reached a deal on how to spend $900 million in cap-and-trade revenues. From the governor’s office comes this list:
-$368 million to the Air Resources Board, including:
-$133 million to the Clean Vehicle Rebate Program.
-$80 million to the Enhanced Fleet Modernization Program, Plus-Up Pilot Project and up to $20 million of this amount may be used for other light-duty equity pilot projects.
-$150 million for heavy-duty vehicles and off-road equipment investments.
-$5 million for black carbon wood smoke programs.
–$140 million to the Office of Planning and Research for the Strategic Growth Council to provide transformative climate communities grants.
–$135 million to the Transportation Agency for the Transit and Intercity Rail Program.
–$80 million to the Natural Resources Agency for the Urban Greening program.
–$65 million to the Department of Food and Agriculture, including:
-$50 million for the early and extra methane emissions reductions from dairy and livestock operations.
-$7.5 million for the Healthy Soils Program.
-$7.5 for the State Water Efficiency and Enhancement Program (SWEEP).
–$40 million to the Department of Forestry and Fire Protection, including:
-$25 million for the Healthy Forest Program.
-$15 million for urban forestry programs.
–$40 million to the Department of Resources Recycling and Recovery for waste diversion and greenhouse gas reduction financial assistance.
–$20 million to the Department of Community Services and Development for weatherization and renewable energy projects.
–$10 million to the Department of Transportation for the Active Transportation Program.
–$2 million to the Office of Planning and Research for the Strategic Growth Council to provide technical assistance to disadvantaged communities.
And that’s on top of existing funds, including the HSR funds. While this doesn’t extend cap-and-trade, one of the obstacles to a legislative extension was a debate about how to spend it. Hopefully this helps keep the program alive.