Greenhouse gas allowance proceeds
Summary
Riverside has a pile of cap-and-invest money from selling carbon allowances that must benefit ratepayers. The battery storage project is stalled (no safe site), the UOC solar array is broken, and board members want the money spent down faster — staff said it can now reimburse any renewable purchases, and the August auction cleared at $32.48/ton.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 28, 2026.
Impact analysis
About $50 million in unspent allowance proceeds is available for ratepayer-benefit projects, with CARB cutting future allocations by roughly 160,000 allowances.
Riverside ratepayers, who ultimately fund and benefit from renewable energy and emissions-reduction spending.
Mentions & discussions (2)
Board of Public Utilities — September 28, 2026
Riverside has a pile of cap-and-invest money from selling carbon allowances that must benefit ratepayers. The battery storage project is stalled (no safe site), the UOC solar array is broken, and board members want the money spent down faster — staff said it can now reimburse any renewable purchases, and the August auction cleared at $32.48/ton.
Board of Public Utilities — March 9, 2026
The city sells greenhouse gas allowances and has a policy governing how that money can be used. The update reviewed what those proceeds fund.
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