Climate Bond Heads to Ballot

California voters will decide in November whether to borrow $10 billion to fight climate change. Proposition 4, the bond measure formerly known as SB 867, missed the first deadline to get on the ballot, was granted a second life when the Secretary of State agreed to extend the deadline, and barely made it to the finish line on the last possible day, July 3.

If approved by voters,” wrote the Los Angeles Times, “it will be the largest investment in combating climate change in California history.” Of this great bounty, $300 million is slated for farming and ranching and other “working lands.” Sounds like a lot of money, but it’s only 3% of the total. Nonetheless, $300 million is not nothing.

The complete bill text is here.

The LA Times has a voter’s guide.

And I’ll be posting more about the proposal here in Food Policy for Climate Activists as I do more research.

Leave a comment