The California Air Resources Board is set to announce an investment milestone for the state’s zero-emission transportation future and highlight one of many projects funded by cap-and-trade through California Climate Investments today.
Officials will provide details of a new project delivering ultra-clean electric school buses to rural districts that have the oldest and dirtiest-running school bus fleets with diesel engines.
California Air Resources Board Vice Chair Sandy Berg will explain a statewide Rural School Bus Pilot Project, administered by the North Coast Unified Air Quality Management District, that is helping rural and small districts across the state convert to cleaner-running and zero-emission school buses. This is just the latest example of how cap-and-trade investments help clean the air and reduce climate-changing gases by putting hundreds of the cleanest cars, trucks and buses on California streets and highways, CARB claims. Almost half of investments are benefiting communities most impacted by pollution.
The cap-and-trade program is one of the strategies California will employ to reduce the greenhouse gas (GHG) emissions that cause climate change. It is designed and implemented to for California to meet its goal of reducing GHG emissions to 1990 levels by the year 2020, and ultimately achieving an 80% reduction from 1990 levels by 2050. Under cap-and-trade, an overall limit on GHG emissions from capped sectors will be established by the cap-and-trade program and facilities subject to the cap will be able to trade permits (allowances) to emit GHGs.