California budget plan reflects changing climate priorities | Climate ... - San Francisco Examiner
California budget plan reflects changing climate priorities | Climate Change | sfexaminer.com
Last year, California Gov. Gavin Newsom touted record investments in climate change mitigation and environmental protection as part of the state's largest-ever budget.
But, facing what the governor's office now projects is a $32 billion deficit this year, the May budget revision Newsom rolled out on Friday would slash $6 billion from a five-year, $54 billion commitment on climate spending and more than $1.2 billion in environmental protection compared to last year's budget.
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.