carbon credits

Budget Agreement Diverts Money From Cap and Trade

Jun 14, 2013
Valley Public Radio

California’s budget agreement borrows 500-million dollars from the state’s cap-and-trade program. As Amy Quinton reports from Sacramento, environmentalists say the maneuver neglects polluted communities.

Environmentalists say money from the sale of carbon pollution permits is supposed to go to programs that help further reduce emissions. California Governor Jerry Brown and lawmakers say it will, just not this year.

Valley Public Radio

Environmental groups have begun a lobbying campaign to stop California Governor Jerry Brown’s budget proposal to divert money from the cap-and-trade program.

Environmentalists say money from the sale of carbon pollution permits is supposed to go to programs that help further reduce emissions. Brown wants to borrow $500 million for the general fund.

Vien Truong with the Greenlining Institute says environmental advocates are angry. She says that money could be used for clean air programs in low-income communities.