Tag Archive for: Climate Bond

Can a $10 Billion Climate Bond Address California’s Water Contamination Problem?

/in , /by /Times of San Diegoby Vanessa G. Sánchez

When Cynthia Ruiz turns on her kitchen faucet, she hears a slight squeak before cloudy fluid bursts out of the spout. The water in her Central Valley town of East Orosi is clean enough most of the time to wash dishes, flush toilets, and take showers, but it’s not safe to swallow. Drinking water is trucked in twice a month.

“There are times where the water is so bad you can’t even wash dishes,” said Ruiz, who is advised not to drink the tap water, which is laden with nitrates — runoff from orange and nectarine fields surrounding the town of roughly 400. “We need help to fix our water problem.”

Full Story

What Is Prop 4? The $10B Climate Bond Measure Explained

/in , /by /Patchby Kristina Houck

Voters in the November election will decide whether to borrow billions of dollars for climate and environmental programs.

Proposition 4, also called the Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024, would issue $10 billion in bonds for various projects.

Full Story

Proposition 4 Climate Bond Seeks to Avoid Future Costs with Current Investment

/in , /by /The Press Democratby Mary Callahan

A bond measure on the Nov. 5 ballot that would provide $10 billion dollars for climate mitigation and resiliency projects around California gives voters a pretty stark choice, according to supporters. Pay now, or pay later.

Full Story

California’s $10B Climate Bond Breaks Through Political Gridlock

/in , /by /KQEDby Ezra David Romero

Days before the final deadline, California lawmakers have settled on language for a $10 billion climate bond that will be presented to voters for approval in November.

The primary focus of the bond is “to respond to challenges wrought by climate change by investing in natural and built infrastructure,” according to an overview of the bond. It also includes some funding for programs cut from the state’s budget. At least 40% of the bond must help vulnerable and disadvantaged communities with a median household income of less than 80% of the area average or less than 80% of statewide median household income.

Full Story