Cap-and-Trade Program Summary of 2013-2021 Electrical Distribution Utility Use of Allocated Allowance Value

Summary

California's Cap-and-Trade Program faces the challenge of ensuring that the value from carbon allowances allocated to electrical distribution utilities (EDUs) directly benefits ratepayers and aligns with global warming solutions. The state addresses this by mandating EDUs to use the allowance value primarily for residential and small business climate credits or clean energy and energy efficiency projects. This report summarizes the use of funds from 2013 to 2021, detailing how billions of dollars have been distributed, primarily to residential customers through climate credits, with ongoing allocations to clean energy initiatives.

Key Facts

Source Document

https://example-government.gov/policy-document-link