California industries are buying offsets in lieu of purchasing carbon allowances or reducing carbon emissions, and most of the offsets are spent out-of-state, assisting the recipients economically as well as reducing greenhouse gas emissions.
Aug 21, 2015 KQED: California Report
On June 29, the California Strategic Growth Council awarded $121.9 million in Greenhouse Gas Reduction Funds to help build 28 affordable housing developments on major transit lines. Funding originates from proceeds of the cap-and-trade market.
Jul 6, 2015 PR Newswire
The Republican chair of the Senate Transportation Committee is considering an 11.5-cent gas tax increase, setting up a potential conflict with Gov. Jay Inslee's preference to apply a carbon charge to industrial emissions to fund transportation.
Feb 4, 2015 KUOW
Gov. Jerry Brown has an environmental goal that conflicts with an infrastructure goal: reducing oil consumption and raising funds to pay for deferred road needs. The solution may be the Road User Charge, which lies in the hands of a new committee.
Jan 26, 2015 Inside Bay Area.com
One positive thing to be said about a project that's been declared on life support by even many of its supporters since a court ruling denied its chief funding source: the Calif. HSR Authority sure is resilient. New funding sources may keep it alive.
Apr 27, 2014 The Wall Street Journal - U.S. News