Annual Report

The Annual Report to the Legislature on California Climate Investments Using Cap‑and‑Trade Auction Proceeds (Annual Report) is a key resource for tracking progress on the status and outcomes of California Climate Investments, which are funded by Cap‑and‑Trade auction proceeds deposited into the Greenhouse Gas Reduction Fund. This report provides cumulative and annual outcomes including fiscal information, estimates of greenhouse gas emissions reductions and co-benefits from project investments, statistics on benefits to priority populations, program accomplishments, and more.

Joint Legislative Audit Committee Request

On June 2, 2016, the Joint Legislative Audit Committee (JLAC) requested CARB provide additional information (beyond what was included in the 2016 Annual Report) on Greenhouse Gas Reduction Fund programs. On July 1, 2016, CARB provided an initial written response to the JLAC. After receiving legislative staff feedback and requests for additional information on the materials, CARB revised and re-submitted the responses on July 20, 2016.

• Letter from Joint Legislative Audit Committee to California Air Resources Board, dated June 2, 2016

• Letter from CARB in Response to the JLAC Request, dated July 1, 2016

  • Enclosure: California Climate Investments - Program-Level Response to Joint Legislative Audit Committee

  • Enclosure: California Climate Investments - Project List with Start Dates for Emission Reductions (Revised July 20, 2016)

  • Enclosure: Quantification Methodologies for Estimating Greenhouse Gas Reductions and Supporting Materials (due to the size of this enclosure, please refer to the source materials at the California Climate Investments Quantification, Benefits, and Reporting Materials page)