Californians to vote on $10 billion climate bond in November

California's Legislature agreed on a $10 billion climate resilience bond for the November 2024 ballot, addressing climate impacts amid a budget shortfall.

Sharon Udasin reports for The Hill.

In short:

• California lawmakers reached a compromise on a $10 billion climate bond after budget cuts affected climate initiatives.
• The bond focuses on aiding communities most affected by climate change, with specific allocations for water, wildfire and air quality projects.
• Approval is pending, with lawmakers required to finalize by Wednesday.

Key quote:

"Our historically underserved communities on the front lines of the climate crisis could not afford to wait any longer."

— Eduardo Garcia, California Assemblymember.

Why this matters:

The bond aims to address urgent climate issues while promoting equity for disadvantaged communities. This initiative could provide significant improvements in infrastructure, resilience and public health, enhancing California's climate adaptation efforts.