How Voters in Ohio Could Determine the Future of California's Energy Industry

California has relied more on federal subsidies to develop its growing alternative energy industry than any other state in the country. With Mitt Romney seeking to trim such aid, the upcoming election will determine the fate of state energy policy.

Renewable energy has been one of the few economic bright spots in a state hit hard by the collapse of the housing bubble, with 170,000 of California's jobs tied to the green economy and a quarter of all venture capital spent in the state tied to clean energy, reports Evan Halper.

"California's policies are fueling the movement toward cleaner electricity," says Halper, "but many experts say the state can't go it alone. Federal subsidies are the backbone of these efforts and have helped draw private investment."

With general opposition to such aid a cornerstone of the Romney campaign, "[t]he prospect of a Romney victory in November is a source of consternation among players large and small in California's rapidly growing renewable-energy industry."

"The election will have a huge effect on California energy policy," said Severin Borenstein, co-director of the Energy Institute at the UC Berkeley Haas School of Business. "If the federal support dries up, a lot of this will come to a halt. It is critical to the cost-competitiveness of a lot of renewable energy here."

 

Full Story: California's renewable-energy plans may hinge on presidential race

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
DVD Cover of The Story of Sprawl

The Story of Sprawl

See how America changed shape in this collection of historic films that visually document how sprawl evolved.
$29.99 for 2-DVD SET
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95