State Senate Leader Offers New Plan For Spending Cap-and-Trade Revenue

摘要

Revenue from California's greenhouse gas emissions trading program would be used as a permanent source of funding for affordable housing, water efficiency projects and a variety of transportation projects, including high-speed rail, under a new plan outlined by State Senate President Pro Tempore Darrell Steinberg (D). Unveiled April 14 at a news conference in Sacramento, the plan replaces a proposal Steinberg announced in February to impose a carbon tax on transportation fuels rather than bring them under the scope of the emissions trading program, as is scheduled in 2015 (45 ER 605, 2/28/14).