Summary

The Cap-and-Invest program deployed $15.5 billion to back 600,000 projects focused on clean air, energy efficiency, affordability and emissions reductions. The program, formerly known as Cap-and-Trade , was established to curb California's carbon footprint, making it the first U.S. state to adopt such a mechanism. The program is designed to run through 2045, covers around 80% of the state’s emissions and applies to facilities emitting 25,000 metric tons or more of carbon dioxide equivalent annually.

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