California governor: cap and trade fees to fund high speed rail

Under California’s cap and trade program, money collected by the state from climate polluters need to be reinvested in emissions-reducing projects. Governor Jerry Brown‘s made the connection between transportation projects and the climate, and suggested using cap and trade revenues to fund the California High Speed Rail project—a smart financing idea that implicitly acknowledges the climate costs of an aviation-oriented business-as-usual scenario.

Read more:

• “Jerry Brown says cap and trade fees will fund high speed rail” (Sacramento Bee)
• “Governor Jerry Brown: Fund HSR Through Cap-and-Trade Fees” (California High Speed Rail Blog)