Blog: How Prop 4 will impact California’s climate and natural resources investments
In November, voters passed Proposition 4, a general obligation bond that will yield $10 billion for a variety of climate resilience, water, and natural resource management programs—the largest climate and water bond to date. Proposition 4 is the first successful ballot measure in 10 years to fund such programs. The previous large-scale water and climate measure on the ballot, Proposition 3 ($8.9 billion), failed by 0.7% in 2018. The last successful measure that funded such projects was Proposition 1 of 2014 ($7.1 billion), which has only $33 million in remaining balance.
Other climate policy news:
- Los Angeles Times: Most nations miss deadline for plans to fight climate change