Billions of Dollars from California Climate Investments to Provide Economic & Jobs Benefits.
by Susan Frank, Director, California Business Alliance for a Clean Economy
August 13, 2015
Thanks to California’s pioneering clean energy and climate law, AB32, the state is putting its money where its mouth is when it comes to investing in solutions that will spur job creation, benefit businesses, and create a cleaner California. By July 2016, the state will invest $2.2 billion into a wide array of initiatives that are supporting and leveraging investments in our state’s clean economy. California’s clean energy industry alone will more than triple from 2012 to 2020 when it will account for more than 5% of the state economy.
As the 7th largest economy in the world, sometimes investments – even in the billions of dollars – can seem invisible. This is not the case with California Climate Investments which already are supporting solar training and installation, affordable housing and construction jobs, as well as economic growth through recycling initiatives, urban forestry, wetlands restoration projects and clean transportation programs.
You can track these new investments with this new interactive online resource: http://www.climateinvestmentmap.ca.gov/.
The California Delivers campaign, of which the California Business Alliance (CBA) is an active member, also has helpful information and links to the various climate investments made around the state: http://www.cadelivers.org/investments/.
Here is a sampling of some of the investments:
• $122 Million in Affordable, Transit Friendly Housing
• $244 Million in Transit and Intercity Rail Grants
• $28 Million for Water and Energy Conservation Projects
• $25 Million for Clean Transit Projects
• Nearly $22 Million in Local Public Transportation Projects
• Nearly $20 Million in Urban Forestry Grants
• $21 Million for Wetlands Restoration
• $19.5 Million for Improved Recycling Initiatives
You may be hearing or seeing rhetoric from the same interests that have been working for years to derail California’s clean energy policies. These opposition forces have become active in recent months claiming that business doesn’t support AB 32 or policies aimed at extending AB 32. The CBA membership of more than 1,300 businesses, associations and chambers of commerce around the state is proof positive that business supports – and is benefitting from – the clean energy economy. And thanks to California’s Climate Investments, our communities are getting an infusion of resources that will pay dividends for years and generations to come.