Cap & Trade Expenditure Plan 2014-15

Click to view the complete Cap and Trade Expenditure Plan 2014-15 pdf

California’s Cap and Trade program sets a statewide limit on the GHG sources responsible for 85 percent of California GHG emissions. Through an auction mechanism, it establishes a financial incentive for industries subject to the statewide cap to make long‑term investments in cleaner fuels, more efficient energy use, and transformational technological and scientific innovations.  In 2014, the state allocated $832 million in auction revenues to various greenhouse gas reduction measures, including measures to promote bioenergy such as organic waste diversion, dairy digesters and projects to reduce wildfire.