California Climate Investments Program Publishes Annual Report

The 2023 Annual Report to the Legislature from California Climate Investments tracks the impact of California Climate Investments, including estimates of greenhouse gas emissions reductions, benefits from project investments, and data on the benefits to priority populations, and program achievements.

As of November 2022, California Climate Investments programs have implemented over $9.3 billion in addition to $4.3 billion in expenditures by the High-Speed Rail Project for a total of $13.6 billion. Investments are delivering major economic, environmental, and public health benefits for Californians, including meaningful benefits to disadvantaged communities and low‑income communities and households. Roughly half of these implemented funds address concerns faced by priority populations by providing cleaner air, enhanced mobility options, access to clean energy sources, and new employment opportunities.