CLCV statement on proposed investment strategy for California's cap-and-trade auction proceeds

Statement from Rick Zbur, Chair and President, and Sarah Rose, CEO, CLCV:

We are proud of California's continued leadership to address climate change impacts while improving our health, and investing in our economy and our communities. CLCV has consistently supported policies designed to achieve these important goals.

Any legislation governing the investment of AB 32 cap and trade auction proceeds should:

• Be consistent with the investment plan and process established by the California Air Resources Board and other state agencies;
• Ensure that funding priorities achieve maximum greenhouse gas reduction benefits;
• Commit to investments in communities consistent with the goals of SB 535, AB 1532, and SB 375; and
• Provide for a transparent, public review and comment process

CLCV will review and consider support for such legislation that meets these provisions.