Proposition 4 (Climate Bond) Embraced by Voters

Proposition 4, a $10 billion dollar bond measure to fund environmental and climate projects, passed by a clear margin according to the Secretary of State. The election will not be formally certified until December 13, 2024, but the results for this proposition are not expected to change.

Funding would be directed at climate adaptation activities as follows, according to the Legislative Analyst’s Office:

(Source: LAO, Proposition 4 Authorizes Bonds for Safe Drinking Water, Wildfire Prevention, and Protecting Communities and Natural Lands From Climate Risks. Legislative Statute (November 5, 2024).)

Good News:  CARB Reports Emissions Are Expected to Be Slightly Down in 2023 Compared to 2021 and 2022 (Bad News, They Remain Up as Compared to 2020)

CARB recently released a preliminary greenhouse gas inventory reporting that the state’s emissions decreased in 2022 and 2023 as compared with 2021.  The bad news is that overall emissions remain up as compared to the 369 MMTCO2e that was previously reported for 2020. 

Reporting by Scoping Plan sector in units of million metric tons of carbon dioxide equivalent (MMTCO2e), CARB revealed that emissions are on an upward trend:

Sector2021 GHG Inventory (MMTCO2e)Ratio of MRR Emissions (2022/2021)Estimated 2022 Emissions (MMTCO2e)Estimated 2023Emissions (MMTCO2e)
Transportation1460.9889144141.7±5.4
Electric Power620.95275960.4 ±1.7
Industrial740.99117373.5 ±0.4
Residential & Commercial390.98413838.6 ±0.4
Agriculture31N/A3131.2±0.2
High GWP21N/A2121.2±0.1
Recycling & Waste  8N/A88.5 ±0.0
Total381376375.1 ±8.2