SAN FRANCISCO – (INT) – California’s Climate Credit will take the form of ‘cold cash’ in the coming months.

Millions of Californians will see the credit on their forthcoming utility bills. It will average 146-dollars split between April and October regardless of energy consumption or the amount of the bills.

The California Climate Credit is tied to the state’s Cap-and-Trade Program. It requires utilities, fuel providers, and large industrial facilities that emit greenhouse gases to buy carbon pollution allowances. The proceeds not only fund the California Climate Credit but also contribute to diverse initiatives aimed at pollution reduction, job growth, and the advancement of cleaner energy and transportation solutions.

Story Date: March 17, 2024