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. During the 2014-2015 funding cycle, the Greenhouse Gas Reductions Fund (GGRF) provided a combined $870 million to reduce greenhouse gases in California through a variety of projects.
Many of the agencies administering funds from the GGRF for 2016-2017 distribute on two-year cycles. This report looks at the first half of that cycle, the 2016 awarded grants. As such, the following statistics do not reflect funds awarded in 2017 but do provide insight into the funding trajectory. To learn more about the current state of affairs, download Sierra CAMP's updated State of Cap and Trade Funding in the Sierra fact sheet.
Highlights in GGRF FY 2016 Sierra Nevada Spending
- 21 projects in the Sierra Nevada received a combined total of $19,836,058 from the GGRF.
- The Sierra received 2.05% of total GGRF funds, compared to 1.98% for FY 2014-2015.
- The Sierra was eligible for 59% of all funding available, compared to 49% in FY 2014-2015
- 17 of the 22 counties in the Sierra received funding.
How Does the Sierra Nevada Currently Compare Statewide?
Four programs awarded funds in 2016: the Affordable Housing & Sustainable Communities Program (AHSC), the Low Carbon Transit Operations Program (LCTOP), the Sustainable Agriculture Land Conservation Program (SALCP), and the Transit & Intercity Rail Capital Program (TIRCP). The Sierra Nevada region received funding from three of these programs, shown in this breakdown:
Review of 2014-2015
In 2014-2015, the Sierra Nevada region received a combined total of $21,304,207 for 46 projects from the GGRF. This equates to 1.98% of the total money that the Sierra Nevada region was eligible to apply for. Thirteen of the 22 counties in the Sierra Nevada region received funding, with Nevada County receiving the most, followed by El Dorado and Placer counties. This provides a breakdown of which programs awarded those funds:
Map of Annual GGRF Spending in the Sierra Nevada