Next 10 unveils new report from UC Berkeley that finds past and future state energy policies delibver neeeded economic advantage.  
 

This fall, Next 10 provided financial support for research from the University of California at Berkeley on the economic impacts of energy policies and climate adaptation generally, and particularly as this relates to employment and innovation.

ENERGY EFFICIENCY AND JOB CREATION IN CALIFORNIA Authored by Professor David Roland-Holst, examines the economic impacts of the state's landmark energy, and the promise for California if the state redoubles its efforts as proposed in the Draft Scoping Plan to implement the Global Warming Solutions Act."

Using detailed data on the changing economic structure over the period 1972-2006, the study examines one of the most potent catalysts of efficiency-based economic growth: household reductions in per capita electricity use. Because it represents over 70 percent of Gross State Product (GSP), household consumption is the most powerful driver of economic activity in the state, and household expenditure patterns are the leading determinant of state energy dependence and employment.

Looking to the future, the report corroborates the state's recent findings that the California Air Resources Board (CARB) package of policies proposed to meet the emissions reductions mandated by the Global Warming Solutions Act (AB 32) can be achieved with net economic benefits.

The UC report goes further, however, by assessing the economic impact of innovation, revealing even greater economic benefits than the state's official modelling because the latter assumes technology characteristics remain static (2008-2020).

Using the Berkeley Energy and Resources (BEAR) model, a state-of-the- art, economy-wide forecasting tool, the study analyzes the comprehensive set of policies in CARB's draft scoping plan, and tracks complex market interactions across key elements of the California economy.

"The economy, energy and the environment are the great social and engineering challenges of our time," said Mike Splinter, president and CEO of Applied Materials. "This report highlights the importance of smart policy to help accelerate adoption of future clean energy products and technologies and how they can truly make a difference to the future of our planet."

2nd Annual Climate All Stars Conference: Real Solutions for Speed and Scale

On November 6, 2008 Next 10 is honored to present the findings of a new report from UC Berkeley on the economic impacts of

2nd Annual Climate All Stars Conference:
Real Solutions for Speed and Scale

On November 6, 2008 Next 10 is honored to present the findings of a new report from UC Berkeley on the economic impacts of

climate change in California at the Climate All Stars conference, with University of California at Berkeley Professor David Roland-Holst. We hope you will join us to learn more about this exciting research study:

November 6, 2008: 8am-4pm
Saint Mary's Cathedral, San Francisco





     
  THE REPORTS HISTORICAL FINDINGS INCLUDE THE FOLLOWING:

  • California's aggressive steps to reduce energy dependence and increase energy productivity three decades ago directed a greater percentage of its consumption to in-state, employment-intensive goods and services, whose supply chains largely reside within the state, creating a
  • Over the past thirty years, forward looking energy efficiency policies created 1.5 million FTE jobs with a total payroll of over $45 billion, and
  • The same efficiency measures resulted in slower (but still positive) growth in energy supply chains, including oil, gas, and electric power. For every new job foregone in these sectors, however, more than 50 new jobs have been created across the state's diverse economy.
  
 

www.climateallstars.org

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