In efforts to both make money and save the planet, the state of California is looking to go green in the hopes of saving the state’s economy.
A study by the state’s Air Reserve Board projects that if the state increases requirements for carbon emissions at all levels, the green sector will thrive.
By 2020, nearly $4 billion would be added to the state’s gross product, along with 100,000 jobs, which would raise the state’s per capita income by $200 per household.
The plan would require utilities to produce at least a third of the state’s electricity from wind, solar, or other alternative power. It also needs
car companies to increase the number and inventory of energy-efficient cars sold in California. And the plan requires
construction and
manufacturing businesses to step up and implement energy-saving practices.
California received the most investment money collected in the world in green technology last year, nearly $800 million, which is a good start. The money is there, along with the need, for the health of both the environment and the wallet.