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