Researchers looked at three key California climate and clean energy policies: 1) cap and trade, which established a market designed to reduce carbon emissions from major polluters; 2) the renewables portfolio standard (RPS), which calls for California to get 33 percent of its energy from renewable sources by 2020, growing to 50 percent by 2030; and 3) energy efficiency programs run by investor-owned utilities and overseen by the Public Utilities Commission.
The authors show that the South San Joaquin Valley has largely recovered from the devastating damage of the Great Recession and is on track for greater economic and community success. Even though the region is the state’s and nation’s agricultural base, it is more economically diverse than widely believed, with a wide range of non-agricultural industries, and even a significant sector of green energy.
“. . . examines the history and impact of both public investment and publicly documented private equity investment in the Central Valley. It includes recommendations for strengthening economic development by leveraging current investment and driving future investment in the region. “