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Berkeley report: San Francisco’s climate action plan could cost billions; recommends bonds, parcel tax and equity safeguards
Summary
UC Berkeley’s Center for Law, Energy and the Environment told the Board’s Budget and Appropriations Committee that implementing San Francisco’s Climate Action Plan could cost roughly $2.3 billion at the low end and up to about $22 billion at the high end, and recommended a mix of general‑obligation geo‑bonds, near‑term revenue measures and equity‑centered implementation structures.
A UC Berkeley team that studied how San Francisco might pay for its Climate Action Plan told the Board of Supervisors’ Budget and Appropriations Committee on March 15 that the price tag for the city’s net‑zero by 2040 goals ranges from the low billions to the tens of billions. “If all 31 strategies were at the lowest end of that cost estimate … we calculate that to be about $2,300,000,000,” the report said, and the consultants presented a conservative high‑end scenario of roughly $22,000,000,000 to implement the plan in full.
The report, prepared by the Berkeley Center for Law, Energy and the Environment (CLE) with civic stakeholder input, proposed three broad revenue approaches: a set of general obligation (GO) “geo‑bonds” targeted to…
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