Cara Horowitz Advises Legislators on Spending Cap-and-Trade Revenue

​On February 13, Cara Horowitz, Executive Director of the Emmett Center on Climate Change and the Environment, testified before the California Senate Budget and Fiscal Committee regarding ways for the state to spend revenue generated from its cap-and-trade auctions.  Horowitz focused on the legal constraints attached to this revenue, and described how the state can ensure the funds are spent both effectively and legally.

Her assessment was optimistic for the state's authority to apply this revenue to a range of policies  addressing climate change.  According to Horowitz, there are only minimal legal risks associated with funding many promising climate change programs, giving the state significant flexibility in how it spends the revenue.