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The 2020-21 Budget: Addressing Revenue Uncertainty in the 2020-21 Cap-and-Trade Expenditure Plan


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[PDF] The 2021-22 Budget: Cap-and-Trade Expenditure Plan

February 10, 2021 - This publication analyzes the Governor's cap-and-trade expenditure plan, which includes "early action" discretionary spending of $624 million in 2020-21, as well as $745 million in 2021-22.

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The 2023-24 Budget: Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund Revenue Estimates

March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.

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[PDF] The 2020-21 Budget: Climate Change Proposals

February 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).

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[PDF] Cap-and-Trade Spending Overview

March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy

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[PDF] The 2022-23 Budget: Cap-and-Trade Expenditure Plan

January 25, 2022 - In this post, we describe the Governor's cap-and-trade expenditure plan, evaluate the revenue assumptions used to determine the amount of funding available, and identify issues for legislative consideration.

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The 2024-25 Budget: Cap-and-Trade Expenditure Plan

February 20, 2024 - This posts describes the Governor's $2.3 billion discretionary cap-and-trade expenditure plan proposal.

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[PDF] The 2019-20 Budget: Natural Resources and Environmental Protection

February 14, 2019 - In this report, we assess several of the Governor’s budget proposals in the natural resources and environmental protection areas. Based on our review, we recommend various changes, as well as additional legislative oversight. We provide a complete listing of our recommendations at the end of this report.

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[PDF] The 2020-21 Budget: Climate Change Proposals

February 18, 2020 - Presented to: Senate Budget and Fiscal Review Committee Hon. Holly J. Mitchell, Chair

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Cap-And-Trade Auction Update and GGRF Projections

December 6, 2021 - Revenue from quarterly cap‑and‑trade auctions is deposited in the Greenhouse Gas Reduction Fund (GGRF), and the funds are allocated to various climate‑related programs. In this post, we (1) summarize the results from the recent November 2021 cap‑and‑trade auction, (2) estimate future GGRF revenue and the amount available for discretionary spending under three different scenarios, and (3) identify issues for legislative consideration as it begins its 2022‑23 budget deliberations.

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[PDF] 2017-18 Cap-and-Trade Expenditure Plan

August 23, 2017 - Presented to Assembly Budget Subcommittee No. 3 on Resources and Transportation

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[PDF] 2017-18 Cap-and-Trade Expenditure Plan

August 24, 2017 - Presented to Senate Budget and Fiscal Review, Subcommittee No. 2

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The 2021-22 Spending Plan: Natural Resources and Environmental Protection

October 18, 2021 - The 2021‑22 budget package provides a total of $21.7 billion from various fund sources—the General Fund, bond funds, and various special funds—for programs administered by the California Natural Resources and Environmental Protection Agencies. This is a net increase of $4.8 billion (22 percent) compared to 2020‑21 estimated expenditures.

Correction 10/22/21: Funding amount for CDFW has been corrected.

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[PDF] The Cap-and-Trade Program: Issues for Legislative Consideration

February 13, 2024 - Presented to: Senate Environmental Quality Committee Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy