Proposition 4: California’s $10 Billion Climate Bond
In November 2024, California voters overwhelmingly approved Proposition 4, a $10 billion Climate Bond designed to safeguard our communities, natural resources and our future in the face of climate change. From wildfire prevention and safe drinking water to protecting biodiversity and increasing access to nature, these funds will support projects that make a real, lasting difference in the lives of people and communities across California. At least 40 percent of all bond funding is legally required to benefit disadvantaged, severely disadvantaged and vulnerable communities.
Rolling Out the Bond
In 2025, the Governor and Legislature authorized over $3.3 billion in Climate Bond funds and $181 million in early-action funding for wildfire prevention and forest resilience. Fifteen projects are under contract and dozens more are under review, including tribally led initiatives, workforce development, and fire-resilience efforts on public and protected lands. The California Natural Resources Agency (CNRA) is coordinating implementation of the Climate Bond across many departments, conservancies and boards, and offices. These state entities will either use the funds for specific projects or they will run grant programs for eligible organizations to implement projects that comply with the bond’s goals. Programs will launch in multiple rounds over several years.
Tracking Progress and Accountability
Transparency and accountability are central to the Climate Bond. Our Bond Accountability page lets you see which programs are funded, how dollars are being spent, and details about the projects funded. CNRA launched a statewide survey to hear directly from potential grant applicants on how to improve our programs. Nearly 500 responses, along with input from meetings, tribal consultations and conferences, have shaped new guidance to implement the Climate Bond and strengthen grant processes across the Agency. We’ve also collected and shared best practices developed by departments in response to years of community feedback, so applicants will see these proven approaches reflected across CNRA programs. The resulting guidance and other supporting documents that will be used by our departments have been posted on this site to give the public a better understanding of the approach and improvement we are embracing.
Funding Opportunities and How to Participate
There will be many additional opportunities for public input. Departments will advertise public comment periods and tribal consultations as they develop grant guidelines. These opportunities may include webinars, office hours and online surveys. After guidelines are finalized, watch for open solicitations on Grants.ca.gov, on our Climate Bond site, and through departmental pages. Programs also offer workshops, technical assistance and webinars to help applicants navigate the process.
Sign up here to receive quarterly updates, notices of webinars, funding rounds, resources and other ways to stay involved on the Climate Bond.
