Cap-and-Invest Program: nature-based climate solutions: funding.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allocates funding from the Greenhouse Gas Reduction Fund to support nature-based climate solutions and sustainable agricultural practices in California. Specifically, it aims to achieve ambitious targets for carbon sequestration and greenhouse gas reduction by 2030, 2038, and 2045, aligning with the state’s goal of carbon neutrality. The bill directs funds to the Natural Resources Agency, the Department of Food and Agriculture, and potentially the Legislature for discretionary allocation, with a focus on projects that benefit communities and ecosystems.
Key provisions
- Appropriates up to $300 million annually from the Greenhouse Gas Reduction Fund from 2027–28 to 2045–46 to support nature-based climate solutions.
- Allocates $150 million to the Natural Resources Agency for nature-based climate solutions.
- Allocates $50 million to the Department of Food and Agriculture for nature-based climate solutions in croplands and grasslands.
- Allocates $100 million for nature-based climate solutions at the Legislature’s discretion.
- Appropriates an additional $150 million from the Greenhouse Gas Reduction Fund to the Department of Food and Agriculture for sustainable agricultural practices.
- Prioritizes projects that maximize cobenefits, such as reduced utility bills and improved air and water quality.
- Focuses on supporting nature-based climate solutions and sustainable agricultural practices in low-income and disadvantaged communities.
- Reinforces the California Cap-and-Invest Program’s commitment to these solutions.
Bill text
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Sponsors
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1 on record
Primary sponsor
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