California cap-and-invest program faces criticism over potential funding cuts to low-income community programs
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@CanaryMediaInc
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Summary
California's cap-and-invest program faces controversy as CARB designates "Tier 3" programs — including affordable housing, low-carbon transit, and clean air/drinking water for low-income communities — that could lose hundreds of millions in funding if carbon market revenues decline. At a recent board meeting, members grilled CARB staff over the risks, with deputy executive officer Rajinder Sahota defending the analyses behind the new plan. Critics argue the state may have undermined its own emissions goals by balancing industry needs with environmental objectives.
Key quotes
· 3 pulledRajinder Sahota, CARB's deputy executive officer for climate change and research, asserted that analyses from environmental advocates and the state's Legislative Analyst's Office
The programs CARB has designated as 'Tier 3' could lose their funding if carbon market revenues fall.
That amounts to hundreds of millions of dollars for affordable housing, low-carbon transit, and clean air and drinking water for low-income communities.
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