VX2016: Cap-and-Trade Auction Revenue Expenditure Funding and Implementation of SB 375

Gail GoldbergExecutive Director, ULI-Los Angeles

Ken AlexDirector, California Governor's Office of Planning and Research
Randall Winston, Director, California Strategic Growth Council
Lauren Faber, Deputy Chief Sustainability Officer, City of Los Angeles
Jonathan Parfrey, Executive Director, Climate Resolve

Passed in 2008, SB 375 directed the Air Resources Board to set regional targets aligned with the greenhouse gas emissions reduction goals for cars and light trucks under AB 32. In the current fiscal year, the market has generated about $2.2 billion in revenues, which will fund projects ranging from transit, to high-speed rail, to affordable housing. How are these revenues going to be spent within California’s MPOs? Will these policy-guided financial incentives significantly guide private investments toward land uses and development projects that will support greenhouse gas reduction? Will these development projects result in long lasting public private partnerships?


Cap and Trade Auction