Auction proceeds from California’s Cap-and-Trade system help fund projects across the state to reduce Greenhouse Gas emissions in areas including Sustainable Communities & Clean Transit, Energy Efficiency & Clean Energy, and Natural Resources & Waste Diversion. Auction proceeds are collected in the Greenhouse Gas Reduction Fund (GGRF) and administered to various programs through the California Climate Investments system.
Many of the agencies administering funds from the GGRF for 2017-2018 distribute on two-year cycles. This report looks at the first half of that cycle, as well as the second part of the 2016-2017 funding cycle, for all total projects awarded in 2017. As such, the following statistics do not reflect funds awarded in 2018 but do provide insight into the funding trajectory. To learn more about the current state of affairs, download Sierra CAMP's 2018 Update: State of Cap and Trade Funding in the Sierra fact sheet.
Highlights in GGRF 2017 Sierra Nevada Spending
- In 2017, 30 projects in the Sierra Nevada region received a combined total of $23,661,239 from the GGRF through various programs.
- The Sierra Nevada region received 2.78% of funding awarded in 2017, compared to 2.05% of funding awarded in 2016 and 1.98% in FY 2015.
- 18 of the 22 counties in the Sierra Nevada received funding, compared to just 14 in 2015 (Note: the four counties that did not receive funding in the region, such as Shasta County, fall only partially within the region, and may have received funding in areas outside of the region’s boundary).
- Of the 18 counties receiving funding, Placer Country received the most projects funded (five) totaling $3,249,569. Nevada County received the greatest total funding, $5,155,610 for two projects.
While overall investment in and distribution throughout the region from California’s cap-and-trade auction proceeds has been increasing incrementally since the program’s inception in 2014, many parts of the region receive proportionally less than other parts of the region and other parts of the state, including the northern and southern counties of the Sierra. Several cap-and-trade programs, such as the Transformative Climate Communities program, have either never awarded to the region or have adopted funding guidelines that preclude Sierra communities from applying (see Sierra CAMP’s policy memo on Disadvantaged Communities in the Sierra Nevada).
Map of Annual GGRF Spending in the Sierra Nevada
To learn more about 2017 awards, download Sierra CAMP's 2018 Update: State of Cap and Trade Funding in the Sierra fact sheet (released June 2018).
View the 2016-2017 fact sheet (released May 2017) here.
View the 2014-2015 fact sheet (released May 2016) here.