Gov. Brown signs plan to spend $1.5B in cli­mate money

Imperial Valley Press - - BUSINESS -

Gov. Jerry Brown has signed two bills that out­line a plan to spend $1.5 bil­lion on en­vi­ron­men­tal ini­tia­tives us­ing money from the state’s re­cently re­newed cap and trade pro­gram.

The bills were signed on Satur­day, hours after law­mak­ers ap­proved the plan to spend most of the money on in­cen­tives and re­bates to pro­mote a cleaner vehicle fleet.

Cal­i­for­nia has set an am­bi­tious goal to have 1.5 mil­lion zero-emis­sion ve­hi­cles on the road by 2025. Law­mak­ers hope the re­bates will help close the price gap be­tween tra­di­tional and elec­tric ve­hi­cles.

Fund­ing will come from a pro­gram that puts a limit on an­nual car­bon emis­sions and auc­tions off per­mits to pol­lute.

The bills in­clude a pro­vi­sion aimed at help­ing a union looking to or­ga­nize work­ers who as­sem­ble Tesla elec­tric cars in Fre­mont.

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