If the Climate Superfund were to pass, it would generate approximately ~$150+billion over the next 20yrs (~$7.5B/yr) and 40% of funds would be earmarked for disadvantaged communities.
The California EPA would decide exactly how to distribute the funds, via Qualifying Expenses, but just for the thought experiment of it:
if the funds were divided equally among California’s 58 counties,
each county would receive $2.58billion/20yrs, or ~$130million each year for 20yrs.
These are the 5 Categories of Qualifying Expenses for Climate Mitigation and/or Adaptation and/or Resilience projects.
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Qualifying Expenditure Category
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Including, but not limited to, any of the following:
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Community disaster preparedness, response, and recovery
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- Hardening of structures in existing, at-risk, and recovering communities.
- Evacuation planning and design.
- Postdisaster soil and water remediation.
- Emergency housing, health, transportation, and medical response.
- Sustainable community planning and infrastructure, including community resilience centers, affordable infill housing, and public services funding to support emergency services and disaster response, including support for local and tribal governments and public agency operational continuity during and after climate-related events.
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Energy efficiency and resiliency
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climate-resilient schools, electric school buses, vehicle-to-grid bidirectionality, microgrids, community solar, accelerating the transition to clean energy sources, building and infrastructure decarbonization, and maintaining, enhancing, and expanding zero-emission infrastructure, including public transit operations, to increase ridership and transition to zero-emission fleets.
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Green workforce development
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job training, and support for first responders and essential workers responding to climate disasters, and financial support programs for workers whose livelihoods are impacted by climate change.
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Regenerative agricultural practices
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(*examples might include enhancing crop diversity, adaptive grazing (allowing grazed land adequate rest and recovery), no-till planting, no or limited use of pesticides and synthetic fertilizer, Incorporating cover crops and other diverse mixtures of forage species into monoculture crops and perennial introduced grasses)
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Natural system protections
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preservation or nonextractive restoration of shrublands, forests, grasslands, deserts, or riparian areas, or groundwater recharge, storage, or instream flow projects.
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