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Facing the climate gap: How low-income communities of color are leading the charge on climate solutions
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resilience.org - October 15, 2012 - Rachel Morello-Frosch, Manuel Pastor
On September 30, 2012, California Governor Brown signed the “Climate and Community Revitalization” bills – AB 1532 and SB535. The first of these sets up a process to allocate revenues from auctioning allowances (that is, emissions permits) under the new market-based system that is part of the implementation of the Golden State’s 2006 landmark legislation to reduce greenhouse gas emissions (GHGs). More significantly, SB 535 requires that a minimum of 25 percent of cap and trade revenue be invested in projects that provide benefits to environmentally burdened and socially disadvantaged communities – and it requires that 10 percent be directly invested in projects in those communities.
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