Governor, Legislature Agree on $1.4 Billion Cap & Trade Investment Plan

The Governor and Legislature have reached agreement on how to spend $1.4 billion in Cap & Trade auction revenues.  The bioenergy related funding allocations in the Cap & Trade Investment Plan are:

  • $175 million for clean vehicle rebate program
  • $180 million for clean trucks, buses and offroad vehicles
  • $112 million for agricultural diesel engine replacement
  • $12.5 million for low carbon fuel production
  • $5 million for Healthy Soils
  • $210 million for healthy forests and forest carbon
  • $99 million for dairy methane reduction
  • $25 million for waste diversion
  • $40 million for transformative climate communities/research

This is the full Cap & Trade Investment Plan 2018-19