{"id":8116,"date":"2017-06-19T08:27:23","date_gmt":"2017-06-19T16:27:23","guid":{"rendered":"https:\/\/calcanstaging.kinsta.cloud\/?p=8116"},"modified":"2017-06-19T08:27:23","modified_gmt":"2017-06-19T16:27:23","slug":"state-legislature-approves-budget-climate-change-investments-delayed","status":"publish","type":"post","link":"https:\/\/calclimateag.org\/es\/state-legislature-approves-budget-climate-change-investments-delayed\/","title":{"rendered":"State Legislature Approves Budget, Climate Change Investments Delayed"},"content":{"rendered":"

This week the state legislature approved a $125 billion state budget. The budget bills are silent on the FY 2017-18 expenditures for climate change programs, including the Climate Smart Agriculture programs, because efforts to extend the state\u2019s cap-and-trade program<\/a>, the source of funding for the climate programs, stalled out.<\/p>\n

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Source: Pete Bobb, Creative Commons<\/figcaption><\/figure>\n

Assembly Bill 378, the cap-and-trade extension bill that coupled greenhouse gas reduction requirements with air pollution regulations, failed to pass out of the Assembly. The industry-backed cap-and-trade extension, AB 151, never made it to the floor and Senate Bill 775, the Senate\u2019s only proposal, did not receive a hearing.<\/p>\n

But there is still plenty of time in the legislative session for a deal to be struck to extend cap-and-trade beyond 2020. Since funding for the climate change programs began in 2014, the final decision on program allocations has always come at the end of session, well after the budget deadline. The uncertainty around cap-and-trade and possible program reforms only increases the uncertainty around funding for FY \u201917-\u201918.<\/p>\n

Last month, CalCAN released our principles on cap-and-trade. They include the following:<\/p>\n