WebNov 9, 2024 · The Greenhouse Gas Reduction Fund will finance projects that will reduce air emissions in underserved communities, provide better access to energy … WebAny plan submitted on or after January 1, 2024, must achieve a 46 percent reduction in greenhouse gas emissions and an 80 percent reduction by 2030 compared to 2005 baseline emissions, as long as ... For FY 2024-24, the bill requires a General Fund appropriation of $276,384 to the Department of Public Health and Environment, and 2.5 …
New Details about the Inflation Reduction Act’s Greenhouse Gas ...
WebThe Greenhouse Gas Reduction Fund. Overview October 13, 2024. On June 20th, Gov. Jerry Brown signed the FY 2014-15 California State Budget which includes an expenditure plan for cap-and-trade revenues. The expenditure plan has allocated $832 million towards programs that will help reduce greenhouse gas emissions, with set-asides for projects ... Webreduction incentive program for petroleum and natural gas systems). • This section rescinds the unobligated balance of any amounts made available under Section 136 of the Clean Air Act. Sec. 10014. Repeal of Greenhouse Gas Reduction Fund. • This section repeals Section 134 of the Clean Air Act (relating to greenhouse gas reduction fund). tsp pbot project list
Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund ...
WebFeb 14, 2024 · The Greenhouse Gas Reduction Fund (GGRF), a significant climate and environmental justice initiative under President Biden’s Inflation Reduction Act, has … WebMar 2, 2024 · Revenues from quarterly cap-and-trade auctions are deposited in the Greenhouse Gas Reduction Fund (GGRF) and the funds generally are allocated to climate-related programs. Under current law, a total of 65 percent of auction revenue is continuously appropriated to the following programs: the high-speed rail project (25 … WebRevenues that California receives from the program are deposited into the state’s Greenhouse Gas Reduction Fundand then appropriated to state agencies to implement programs that further reduce greenhouse gas emissions. 35 percentof the revenues are required by law to be directed to environmentally disadvantaged and low-income … tspp cas