CARB - Public Workshop on the Fiscal Year 2022-23 Funding Plan for Clean Transportation Incentives
TUESDAY, MARCH 15 AT 9:00AM PACIFIC. The California Air Resources Board (CARB or Board) invites you to participate in a public workshop on the Fiscal Year (FY) 2022-23 Funding Plan for Clean Transportation Incentives. The FY 2022-23 Funding Plan will describe CARB’s proposed investments from the Air Quality Improvement Program (AQIP) fund and Low Carbon Transportation Investments.
Purpose of Workshop
This is the first in a series of public workshops and work group meetings CARB staff will hold on development of the FY 2022-23 Funding Plan. CARB staff anticipates releasing a proposed FY 2022-23 Funding Plan in fall 2022 prior to Board consideration.
The workshop agenda is now available. Staff’s presentation will be posted prior to the workshop on CARB’s Low Carbon Transportation/AQIP website. All interested stakeholders are invited to attend.
Background
Annual Funding Plan for Clean Transportation Incentives: The annual funding plan is each year’s blueprint for expending Low Carbon Transportation, AQIP, and related funds appropriated to CARB in the State budget. The plan describes CARB’s policy drivers and vision for advanced technology mobile source investments, eligible project categories and criteria, project funding allocations, program implementation details, and the justification for these investments.
California Climate Investments Low Carbon Transportation Funding: The Low Carbon Transportation program is part of California Climate Investments, a statewide program that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment, particularly in overburdened communities. These investments accelerate the transition to low carbon freight and passenger transportation with a priority on providing health and economic benefits to California’s most disadvantaged communities. To date, over 56 percent of CARB’s Low Carbon Transportation funding has been in or benefitting low-income and disadvantaged communities, including low-income households.
The Legislature has appropriated over $3.6 billion to CARB for Low Carbon Transportation projects to reduce greenhouse gas emissions over the past eight budget cycles. The Governor’s proposed State Budget for FY 2022-23 includes $676 million in Cap-and-Trade auction proceeds for the Low Carbon Transportation Program. In addition, this year’s proposed allocation is augmented by an additional allocation from the General Fund. This additional funding is described below.
General Fund: The Governor’s proposed State Budget for FY 2022-23 includes $575 million from the General Fund as a part of a multi-year ZEV acceleration package that builds upon last year’s budget to equitably develop the ZEV market, both in the light- and heavy-duty transportation sectors.
Air Quality Improvement Program: AQIP is a voluntary, mobile source incentive program that focuses on reducing criteria pollutant and diesel particulate emissions with concurrent reductions in greenhouse gas emissions. The FY 2022-23 budget includes $28.64 million for AQIP. AQIP has provided funding for the Clean Vehicle Rebate Project, truck and bus vouchers, advanced technology demonstrations, and the Truck Loan Assistance Program since 2009.