September 2, 2016, 11am PDT
An earlier announcement awarded almost $400 million to transit agencies, but left a larger chunk of these funds still unsettled. On Wednesday, leaders agreed on a $900 million expenditure plan to cut emissions and address social concerns.
Office of Governor Edmund G. Brown Jr. (California)
August 27, 2015, 10am PDT
California recently awarded more than $1.2 million in cap-and-trade revenue to projects that not only reduce GHG emissions, but also promote affordable housing or transit options.
July 6, 2015, 6am PDT
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.
January 24, 2015, 11am PST
The innovative revenue stream known as California's cap-and-trade program is ready to take action by funding affordable housing projects.
June 30, 2014, 1pm PDT
A big share of California's cap-and-trade proceeds will be distributed via the Strategic Growth Council. Will the council and its local grantees spend that money on planning or physical projects or both? Bill Fulton takes a look.
California Planning and Development Report
June 21, 2014, 7am PDT
Jerry Brown signed a $156.3-billion budget on June 20 that marks a new day for greenhouse gas-reducing transportation and sustainable communities projects due to new revenues from the state's cap and trade market now and, particularly, in the future.