The report finds California's clean technology sector is growing at a faster rate than the rest of the economy. The state's green friendly policies get a lot of credit for creating an environment that encourages innovation.
Forward-looking policies in California, according to Next 10, result in technological innovation, increasing consumer demand. That leads to even more technology and further demand. “As consumers learn more about cost-effective new technologies, demand rises for products that save energy and dollars at home, on our highways, and at work,” said F. Noel Perry, businessman and founder of Next 10.
Consumer demand for California’s clean technology sector products and services is expanding, according to data in a new report from the group Next 10. But it’s not necessarily translating into jobs in the Central Valley. “Clean economy employment in the Central Coast, the Sierra Region, the Sacramento Valley, and the San Joaquin Valley declined overall, but each region also saw employment increase in multiple segments,” the report says. It is the largest regional decrease.
California’s progressive policies are “leading the way in technology and policy breakthroughs in sustainability and energy across a range of industries,” according to a report out today from Next 10, a nonprofit group focused on California issues. California's energy efficiency measures helped keep its electricity bill share of GDP 0.47 percent points lower than Texas in 2012, according to the group, and the state is a major force driving innovation and deployment in the energy storage sector.
An annual report on California’s progress decarbonizing its economy is out today and, as usual, the news is largely good. The United States’s most populous state and the world’s eighth-largest economy has made huge investments in energy efficiency, green building and alternative sources of electricity and transportation. It’s paying off. And while the Flat Earth Society continues to dominate the climate-change debate in Washington, the West Coast political and business establishment is largely unified in facing an increasingly grim reality head-on.