The fund includes $75 million for recycling infrastructure and waste diversion
Sacramento – The Senate Budget and Fiscal Review Subcommittee #2 on Resources, Environmental Protection, Energy and Transportation approved the 2019-2020 Greenhouse Gas Reduction Fund (GGRF) today, providing almost $1.5 billion for programs to reduce GHG emissions in California. The GGRF is comprised of discretionary funds derived from the state’s Cap and Trade auction revenue.
“The subcommittee’s approved GGRF plan represents the Senate’s priorities for funding and targets these funds in a responsible way to reduce greenhouse gas emissions and address the major challenges climate change poses for California,” said Sen. Bob Wieckowski, chair of Subcommittee #2. “By increased investing in resiliency and adaptation, providing rebates to Californians for the purchase of clean vehicles and funding robust programs for our forests, California will continue to be a leader in confronting climate change.”
Subcommittee #2’s GGRF includes $250 million for clean vehicle rebates, $250 million for Healthy Forests, $100 million to wildlife conservation board and conservancies for building long-term resiliency and $75 million for waste diversion and recycling infrastructure.
“Our members think this is a great way to invest cap and trade dollars, given the cost effectiveness of these projects and the tremendous need to build out our organic waste recycling infrastructure – both in Southern California and throughout the state,” said Gideon Kracov, general counsel of the California Waste and Recycling Association.
“The Senate plan for climate investments is an improved and more balanced proposal than past efforts,” said Paul Mason, vice president of policy and incentives, at the Pacific Forest Trust. “The investment in natural resource adaptation programs is critical so we can be preparing for the unavoidable impacts of climate change, such as more extreme fires, flooding, and extreme heat events. We really appreciate the Senator’s leadership on these issues.”
Programs and projects funded through the GGRF reduce GHG emissions and deliver public health, economic and environmental benefits throughout California, including to many disadvantaged communities. Other programs funded through the Senate’s GGRF include urban greening, low-income weatherization, wetlands restoration, climate and energy research, and many others.
Senator Wieckowski represents the 10th District, which includes parts of Santa Clara County and southern Alameda County.