California did the right thing in 2006 when it passed the Global Warming Solutions Act, also known as AB 32. Since 2006, the state has reduced harmful air pollution, attracted billions of dollars in investment and helped spawn the creation of thousands of new advanced energy businesses and jobs.
AB 32, along with several complementary policies, has set clear goals to reduce greenhouse gases through 2020. This created a stable investment environment for businesses. California now has the nation’s largest advanced energy industry, with more than 430,000 workers. What’s more, Next10 projects that a more ambitious greenhouse gas reduction target will create 1 million jobs and a 6 percent increase in gross state product by 2030.
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