CA Gov. Jerry Brown recently signed into law a mandate that 33% of electricity in California must come from renewable sources by 2020.
33% is a start. The good Governor is on the right track.
I’ve become knowledgeable about California’s renewable energy portfolio via legislation I’ve helped to write regarding the financing of renewable energy projects. We need a new market mechanism to promote (and reduce current sky-high risk for) private investment. The US has offered 50% ITC if we can get projects in gear by 2016. Time’s a wastin’ — and the embedded CA business community is not being supportive of this technological progress.
WILL LEGACY CALIFORNIA BUSINESS (AND THEIR LOBBYISTS) SUPPORT THE PEOPLE OF CALIFORNIA (HEALTH, AIR QUALITY, RESOURCE PRESERVATION, EXPENSE SAVINGS, JOB CREATION) IN CREATING A CLEAN ENERGY FUTURE?
“A 33 percent renewable portfolio standard in the world’s eighth largest economy sends a clear message: renewable technologies can provide reliable, cost-effective, and sustainable solutions for electricity generation. This strong commitment puts California on a clear path for creating more green jobs and achieving long-term energy security. In addition, it gives us the confidence to make greater investments in our California operations and American manufacturing that will help drive down the costs of solar electricity.”
“California continues to be the U.S. policy leader when it comes to stimulating the adoption of renewable energy. If measures like the 33 percent renewable portfolio standard are successful on such a large scale, the federal government will be more likely to follow.”
Read more about this here: It’s Official: 33% RPS Now the Law in California
Gov. Jerry Brown signed into law Tuesday a mandate that 33% of electricity in California must come from renewable sources by 2020.
Executives at solar, wind and other clean energy companies said the new regulations could help California reclaim its green leadership position after losing ground to states such as Texas and Iowa.
“This is tremendous,” said Mike Hall, chief executive of solar installer Borrego Solar. “A legislative solution provides a lot more clarity and firepower for regulators and proponents.”
Read more about this here: California renewable energy gets major boost in new law