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This document is a draft concept paper intended to facilitate public discussion regarding the development of the investment plan for cap-and-trade auction proceeds, focusing on greenhouse gas reductions

How to fill out cap-and-trade auction proceeds investment

How to fill out Cap-and-Trade Auction Proceeds Investment Plan

1. Review the guidelines and requirements provided by the regulatory body overseeing the Cap-and-Trade program.
2. Identify eligible projects that align with the goals of greenhouse gas reduction and environmental sustainability.
3. Prepare detailed descriptions of each proposed project, including objectives, expected outcomes, and method for measuring success.
4. Estimate the costs associated with each project, including funding sources and budget breakdowns.
5. Outline a timeline for project implementation, including key milestones.
6. Collaborate with stakeholders to gather input and support for the proposed projects.
7. Compile all the information into the investment plan template provided by the regulatory body.
8. Submit the completed Cap-and-Trade Auction Proceeds Investment Plan by the specified deadline.

Who needs Cap-and-Trade Auction Proceeds Investment Plan?

1. State and local government agencies responsible for environmental management.
2. Non-profit organizations focused on sustainability and climate initiatives.
3. Businesses and organizations seeking funding for green projects.
4. Community groups aiming to improve local environmental conditions.

People Also Ask about

What is the greenhouse gas tax credit?

Producers of SAF are eligible for a tax credit of $1.25 per gallon. Qualifying SAF must reduce greenhouse gas (GHG) emissions by 50%. SAF that decreases GHG emissions by more than 50% is eligible for an additional $0.01 per gallon for each percent the reduction exceeds 50%, up to $0.50 per gallon.

What is the $27 billion greenhouse gas reduction fund (GGRF)?

Created through one of the most significant climate laws in U.S. history, known as the Inflation Reduction Act, GGRF is intended to benefit low-income communities by helping to finance and develop clean energy projects that lower energy costs and improve health for those most at risk of harm from air and climate

What is the California carbon allowance program?

The Program applies to emissions that cover approximately 80 percent of the State's GHG emissions. CARB creates allowances equal to the total amount of permissible emissions (i.e., the “cap”). One allowance equals one metric ton of carbon dioxide equivalent emissions (using the 100-year global warming potential).

How is the California Air Resources Board funded?

Funded solely by Cap-and-Trade proceeds, California Climate Investments puts billions of dollars to work reducing greenhouse gas emissions, strengthening the economy and improving public health and the environment - especially in disadvantaged communities.

Is the greenhouse gas Reduction Fund part of the IRA?

The GGRF was created by section 60103 of the IRA, which appropriated $27 billion to EPA to make grants to states, municipalities, tribal governments, and eligible nonprofit organizations to finance the deployment of low-carbon technologies and carry out other greenhouse gas emission reduction activities.

Does California still have cap-and-trade?

“A clean reauthorization of the cap-and-trade program through 2045 means that California will continue to balance compliance costs for businesses and consumers while encouraging investments into the state,” said CalChamber President and CEO Jennifer Barrera in a press release.

What is the greenhouse gas Reduction Fund in California?

California's Greenhouse Gas Reduction Fund (GGRF) is an important source of public funding to achieve the state's climate and equity goals. Established in 2012, it generates on average about $3 billion each year for appropriation by the Legislature.

For pdfFiller’s FAQs

What is Cap-and-Trade Auction Proceeds Investment Plan?

The Cap-and-Trade Auction Proceeds Investment Plan is a strategy that outlines how revenue generated from the auction of greenhouse gas emission allowances will be allocated towards projects that reduce carbon emissions and support climate change initiatives.

Who is required to file Cap-and-Trade Auction Proceeds Investment Plan?

Entities that participate in California's Cap-and-Trade program and receive auction proceeds are required to file a Cap-and-Trade Auction Proceeds Investment Plan to detail how they intend to use the funds in accordance with state regulations.

How to fill out Cap-and-Trade Auction Proceeds Investment Plan?

To fill out the Cap-and-Trade Auction Proceeds Investment Plan, filers must complete the designated forms provided by the regulatory authority, ensuring to include specific project details, funding amounts, and anticipated outcomes aligned with emissions reduction goals.

What is the purpose of Cap-and-Trade Auction Proceeds Investment Plan?

The purpose of the Cap-and-Trade Auction Proceeds Investment Plan is to ensure that funds generated from emissions trading are utilized effectively to finance projects that contribute to greenhouse gas emissions reduction, promote sustainable practices, and support environmental and social benefits.

What information must be reported on Cap-and-Trade Auction Proceeds Investment Plan?

The report must include information such as project descriptions, expected outcomes, budget allocations, timelines, and metrics for measuring success in reducing greenhouse gas emissions as well as details of stakeholder engagement and community benefits.