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The Capital Programs & Climate Financing Authority (CPCFA) administers programs which encourage capital investment in projects advancing California's environmental, economic, and climate policy goals.
Established in 1972 as the California Pollution Control Financing Authority, we began operating March 7, 1973. Our original name referenced the tax-exempt bond financing we issued for industrial projects reducing air and water pollution.
Effective January 1, 2026, our name changed to Capital Programs & Climate Financing Authority. The new name represents the breadth of our work supporting California’s transition to a cleaner, more resilient economy.
