Investment Plan Update for the Alternative and Renewable Fuel and Vehicle Technology Program
April 30, 2009
Transportation Energy (600)
Clean Transportation Program
Peter Ward, Tim Olsen
The Investment Plan for the Assembly Bill (AB)118 (Núñez, Chapter 750, Statutes of 2007) Alternative and Renewable Fuel and Vehicle Technology Program serves as the guidance document for the allocation of program funding and is prepared annually based on input and advice of the AB 118 Advisory Committee. This first Investment Plan covers the first two years of the program, and details how the California Energy Commission (Energy Commission) and the Advisory Committee determined the priorities and opportunities for funding, consistent with the program’s purpose “to develop and deploy innovative technologies that transform California’s fuel and vehicle types to help attain the state’s climate change policies”. The Investment Plan also reflects laws, executive orders and policies to reduce petroleum use and increase alternative fuel use and spur the development of bioenergy sources in California (Governor’s Executive Order S‐06‐06).
The Investment Plan describes the analytical method used to assure greenhouse gas (GHG) reductions for the Assembly Bill 32 target of 2020, and beyond to 2050; the Market and Program Development funding allocations for the program; and the gap analysis showing where funding is most useful and productive. It provides proposed funding recommendations, based on the analyses and identified opportunities, for the first two years of the program. Appendices A through D include all the supporting analyses and important references for the development of this seven‐year incentive program to help transform California’s transportation sector to a low‐ carbon, cleaner, non‐petroleum, and more efficient future.