Cap and Trade

Meetings

3/28 Meeting Previews: BATA, MTC and CASA Technical Committee

The interior of the Bay area Metro Center Board Room is shown, seen from behind three rows of chairs facing the front of the room. The room is empty.

Three meetings are scheduled for Wednesday, March 28, starting at 9:30 a.m. at the Bay Area Metro Center. Some highlights include a a proposed amendment to Plan Bay Area 2040 and the amended 2017 TIP (attachment), priorities for Round 3 of the Affordable Housing and Sustainable Communities program (attachment), funds for the North-South Greenway Project and the SMART Multi-Use Pathway in Marin County (attachment), decision-making tools and Work Group Action Plans from CASA (attachment), and much more.

Continue reading on to find links to all meeting agendas, meeting packets and key background materials. Tune in to the meetings live on Wednesday morning at https://mtc.ca.gov/whats-happening/meetings/live-webcasts. Read More

Funding

New Report Details How Cap-and-Trade Proceeds Benefit California and the Bay Area

Alameda County
Karl Nielsen

Last week a report was released detailing the dramatic progress made by California Climate Investments – the statewide initiative that puts billions of Cap-and-Trade dollars to work – in supporting projects that are reducing greenhouse gas emissions, strengthening local economies, and improving public health and the environment across the state.

The California Climate Investment Annual Report to the Legislature for 2018, a joint effort produced by the California Air Resources Board and California Department of Finance, contains lots of good news for the state, and the Bay Area specifically:

More than $720 million in new funding last year went to projects that were either under way or completed across all of California’s 58 counties, a two-thirds increase in implemented investments. From rebates for electric cars to affordable housing units, completed projects totaled 75,000, including doubling the number of home energy efficiency installations and nearly tripling the number of trees planted….

Continue reading on for more details about the Cap-and-Trade system and for an overview of the Bay Area projects that received support through Cap-and-Trade proceeds. Read More

Meetings

Preview of 3/7 Meetings: BATA Oversight Committee, MTC Administration Committee, MTC Programming and Allocations Committee

The exterior entrance of the Bay Area Metro Center in San Francisco.
Noah Berger

Three committees will be meeting on Wednesday, March 7, at the Bay Area Metro Center, starting at 9:30 a.m. The BATA Oversight Committee and MTC Administration Committee meetings will be brief approvals of consent calendars and contract amendments. 

At the MTC Programming and Allocations Committee meeting, the Commission will vote to approve recommended priorities for the Affordable Housing and Sustainable Communities program (a statewide program funded by Cap and Trade proceeds); allocation of $1.4 million in Regional Measure 2 (RM2) funds to the Transportation Authority of Marin for the North-South Greenway Project; and reservation of $3 million of RM2 funds for the SMART Multi-Use Pathway in San Rafael.

Tune in to the meetings live once they are underway here. Read More