Living in California, it’s easy to forget that the rest of the world doesn’t always see things in the same way. Given the ambitious energy and climate change goals outlined in Governor Brown’s inaugural address, on January 5th, this divergence may only grow.
What exactly did the governor propose? Here is a snapshot summary of targets he set for the state by 2030:
- Increase from one-third to 50% the portion of the state’s electricity derived from renewable sources
- Reduce today's petroleum use in cars and trucks by up to 50%
- Double the efficiency of energy use in existing buildings while also making building heating fuels cleaner.
For investors in and developers of innovative clean energy, transportation, and building technologies, Brown’s targets mean that, more than ever, California will lead the United States in terms of technology development and commercialization of renewable energy, electric vehicles, and smart building automation products.