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Cap-and-Trade: League’s One-Stop Guide for Cities Updated

October 24, 2014
The League of California Cities this week posted seven new program information sheets to its Cap-and-Trade Hot Issues webpage — the state’s only one-stop guidebook for cities seeking to tap this significant source of funding.
 
Updated information sheets cover:
  • The low-income home energy assistance program;
  • Clean-vehicle rebates;
  • Wetlands and watershed restoration;
  • Agricultural energy and operational efficiency;
  • The energy efficiency retrofit state revolving fund;
  • Waste diversion; and
  • Timberland environmental impact report and fuel reduction. 
In July, the League rolled out its Cap-and-Trade Hot Issues webpage and began tracking for cities the first real appropriations from cap-and-trade auction revenues being doled out as part of the FY 2014-15 budget.
 
The budget divvies up $832 million in cap-and-trade auction proceeds to 11 state agencies, with $630 for sustainable communities and clean-transportation programs, including high-speed rail, $110 million for energy efficiency and clean-energy programs, and $92 million for natural resources and waste-diversion programs.
 
In future years, 40 percent of cap-and-trade revenue will go toward water and energy efficiency programs, 35 percent for public transit and affordable housing and 25 percent toward high-speed rail, under a deal hashed out between Gov. Jerry Brown and the Legislature.
 
The League regularly updates the Cap-and-Trade Hot Issues webpage to keep cities abreast of meetings and funding application details. Please also see “Strategic Growth Council and Air Resources Board to Hold Workshops on Cap-and-Trade Funds” in the Oct. 23, 2014 edition of CA Cities Advocate for information on upcoming workshops.


 
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