California’s Cap-and-Trade Program Funds $28 billion in Climate Investments in Last Decade
In just 10 years, California’s climate investments have wiped out emissions equivalent to taking 80% of the state’s gas cars off the road. That’s according to a new report released today by the state, which comes just ahead of national Infrastructure Week.
California has funded $28 billion in climate investments in the last 10 years, already delivering $11 billion to more than half a million projects that fight climate change and cut pollution. The remaining $17 billion will fund more projects in the coming years. The investments include a wide range of solutions such as putting affordable housing near job centers, building the nation’s first high-speed rail, and adding zero-emission transportation options in underserved communities.