Report: California’s 2030 Energy Goals Will Create $51 Billion in Annual Savings

A new report from Berkeley, Calif.-based Strategen Consulting says California Gov. Jerry Brown’s clean energy goals for 2030 are not only achievable and economically sound, but will generate significant job growth. The report, “Impact Analysis: Governor Brown’s 2030 Energy Goals,” finds that Brown’s plan to reach 50 percent renewables by 2030, which was announced in his inaugural address earlier this year, will create 1.2 million job-years in construction, manufacturing, sales, service and support related to California’s new domestic energy infrastructure, as well as through the economic activity resulting from energy savings.

California is already on track to generate 33% of its electricity from renewable sources by 2020. Meeting the 50% renewables target set out for 2030 will require the continuation of solar and wind installations at similar rates for another 10 years, while adding complementary resources—such as energy storage—to assist with renewable resource integration.

The potential benefits to the state of meeting Brown’s clean energy goals identified in the report include:

  • $51 billion in annual savings from 2030 on.
  • CO2 emissions will be reduced by over 102 million tons per year, a reduction of 42% from 2015 levels.
  • 870,000 job-years created in the wind and solar sectors by 2030 – up from 44,700 today.
  • Enhanced grid efficiency, reliability and resiliency from renewable resources backed by energy storage.

Read full article from Solar Industry Magazine

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