Sacramento, Calif., (March 20, 2017) – California Climate Investments is a statewide initiative that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment.
The Cap-and-Trade program also creates a financial incentive for industries to invest in clean technologies and develop innovative ways to reduce pollution.
California Climate Investments projects include affordable housing, renewable energy, public transportation, zero-emission vehicles, environmental restoration, more sustainable agriculture, recycling, and much more.
To date, nearly $3.4 billion has been appropriated by the State Legislature to state agencies implementing GHG emission reduction programs and projects. Agencies receiving appropriations develop and implement programs within three priority areas: clean energy and energy efficiency; natural resources (and waste diversion); and transportation and sustainable communities.
At CDFA, two climate investment programs of note are the State Water Efficiency and Enhancement Program (SWEEP) and the Dairy Digester Research and Development Program. Both utilize grants to assist with projects that reduce greenhouse gas emissions and promote greater resource efficiency.
View a story about the SWEEP program and its benefits on the farm.