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.
California’s current housing market suffers from a shortage of supply and the lingering effects of the housing crash and the Great Recession. California currently ranks near the bottom in terms of its supply of housing relative to population growth. Add that to the increasing demand to live near the coast, to be close to tech hubs, and to be near downtowns, and it’s not too surprising that home prices throughout the state continue to rise. Additionally, the cost of development and stringent regulations imposed on developers has contributed to the lack of homebuilding in California.
In recent years, California has experienced negative domestic migration, meaning more people are moving from California to other states than the number of residents moving to California from other parts of the country. Statistics on the characteristics of California’s inbound and outbound migrants suggest patterns in migration over the past decade are more related to housing costs than tax structure.
The report finds that many new jobs in California are in low-wage industries, and the post-recession period favored low-wage job growth over middle-wage and high-wage job growth throughout the state by a wide margin. However, when compared with the rest of the nation, the trend of low-wage job creation is not unique to California.
Next 10’s new report analyzes electricity productivity – how much GDP manufacturers produce for every dollar spent on electricity – and finds that California generates $59 in GDP for every dollar spent on electricity, compared to $38 for the rest of the nation, leading every other state except Connecticut.
In January 2014, there were nearly 14,000 jobs in the Sacramento Region’s “core” clean economy. These core jobs were in a range of businesses that provide the products and services that allow the entire economy to transition away from fossil fuels and improve efficiencies in the use of natural resources.
In January 2014, there were nearly 60,000 jobs in Bay Area’s “core” clean economy. These core jobs were in a range of businesses that provide the products and services that allow the entire economy to transition away from fossil fuels and improve efficiencies in the use of natural resources.
California’s overall clean economy continues to create new jobs and business opportunities across diverse sectors, ranging from water efficiency and recycling to energy and battery technologies. Between January 2002 and January 2012, employment in California’s Core Clean Economy jumped 20 percent to reach nearly 196,000. During the same time period, jobs in the larger overall state economy grew by two percent
A new analysis of the last decade of investment in California’s clean technology sector shows that although venture capitalists remain key players, different types of investors are becoming ever more important to the growth of the sector.
Web site tool to compare California economic data vs. the US and the other states
Study comparing California’s performance to the other states in economic growth, employment and unemployment, earnings, income distribution, and poverty