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Thank you for the opportunity to comment on the Draft Concept Paper
for the Cap and Trade Auction Proceeds Investment Plan.  

With the passage of AB 32 and SB 375, California and ARB became the
nation’s pioneers in the pursuit of global warming solutions.  Use
some portion of the revenues to continue this forward thinking to
advance technology and innovation. Here are some ideas:

•	Set aside funds for a revolving loan fund, similar to TIFIA where
public and private entities can fund and/or finance ghg-reducing
activities.
•	Set aside funds for angel investing.  Funds could be awarded to
pilot and demonstration projects or as seed funding to develop
technology solutions.  The State could be an investment partner and
maintain some equity stake in the product or solution.  Then use
those royalties or proceeds to put back into the funding pot.
•	Establish an idea lab, much like MIT’s Idea Lab where new ideas
and technology are given some funding, mentors, and a chance to
develop.
•	Incentivize the private sector, particularly as it relates to SB
375 activities. It seems only public investments in transit and
other ghg-reducing activities get counted or measured, when the
onus of this law falls upon the private sector.  A reverse matching
fund proposal where public funds match private funds in developing
tools, systems, and mechanisms to reduce dependence on the private
automobile. 

Thank you and good luck!