2017-08-03. Climate policies study shows Inland Empire economic boon.

posted Aug 31, 2017, 9:34 AM by Alan Gould   [ updated Aug 31, 2017, 9:35 AM ]
By Jacqueline Sullivan, UC Berkeley News. For GSS Climate Change chapter 10. Excerpt: According to the first comprehensive study of the economic effects of climate programs in California’s Inland Empire, Riverside and San Bernardino counties experienced a net benefit of $9.1 billion in direct economic activity and 41,000 jobs from 2010 through 2016. Researchers at UC Berkeley’s Center for Labor Research and Education and the Center for Law, Energy and the Environment at Berkeley Law report that many of these jobs were created by one-time construction investments associated with building renewable energy power plants. These investments, they say, helped rekindle the construction industry, which experienced major losses during the Great Recession. When accounting for the spillover effects, the researchers report in their study commissioned by nonpartisan, nonprofit group Next 10, that state climate policies resulted in a total of $14.2 billion in economic activity and more than 73,000 jobs for the region during the same seven years. ...Next 10 commissioned the UC Berkeley researchers to look at four key California climate and clean energy policies: Cap and trade, which requires companies to buy permits to release greenhouse gas emissions; the renewables portfolio standard, which requires 50 percent of the state’s electricity to come from renewable sources by 2030; rooftop solar policies; and investor-owned utilities energy efficiency programs.... http://news.berkeley.edu/2017/08/03/climate-policies-study-shows-inland-empire-economic-boon/