For the second year, Gov. Gavin Newsom is proposing cuts to California’s $54 billion climate investment, targeting programs such as an ambitious initiative to install new electric appliances in low-income homes to accelerate the state’s transition from fossil fuels.
The justice-oriented approach to decarbonization is the first such initiative in the country. But the project, known as the Equitable Building Decarbonization Program (EBD), now faces having a third of its budget slashed as the governor scrambles to close a $38 billion budget shortfall. (The Legislature puts it even higher.)
