CALIFORNIAS CAP-AND-TRADE PROGRAM MAINTAINING THE CURRENT - PowerPoint PPT Presentation

CALIFORNIA’S CAP-AND-TRADE PROGRAM MAINTAINING THE CURRENT IMBALANCE IN FUNDING WILL CREATE A PERMANENT DISADVANTAGE FOR SOUTHERN CALIFORNIA SCAG: S outhern C alifornia A ssociation of G overnments

SCAG Facts 191 48.2% 19 Cities State 6 Million People Population Counties 16th 67% 38,618 Square Miles $1.13T Largest State’s Economy in the Regional GDP Disadvantaged World Communities

Greenhouse Gas Reduction Fund (GGRF) Breakdown of Funds Total HSR Implemented $348M GGRF Funds: Elsewhere in CA $1.234B $520M SCAG $366M Not Implemented GGRF Funds SCAG Not Implemented With Nearly HALF of the $3,193B Elsewhere in CA State’s Population, the High-Speed Rail (HSR) SCAG Region has Received Only 29.6% of Implemented GGRF Funds

2016 Cap-and-Trade: Implemented Funds What is Southern California’s Share? 0.0% High-Speed Rail 31.7% Affordable Housing & Sustainable Communities 49.8% Low Carbon Transportation 48.2% Transit & Intercity Rail 26.3% Everything Else SCAG Share Rest of State SCAG Region Share of CA Population: 48.2%

A Call to Action 1. Mandated climate goals without the necessary allocation of resources to Southern California cannot persist. 2. The Governor’s extension must carry language establishing a minimum funding baseline based on population. 3. A regional equity component for Cap-and-Trade funding commensurate with emissions reductions targets must be included.