Urban Development & Finance Blog

Wednesday, November 19, 2008

Governor Schwarzenegger sets Renewable Portfolio Standard target

We commend California Governor Schwarzenegger for his effort to streamline the permitting process for renewable energy solutions in California. Last week, the Governor signed Executive Order S-14-08 to "compel the California Energy Commission and the Department of Fish and Game to work more closely on dealing with conflicts between renewable energy developers and environmentalists over building power plants and transmission lines." The story was reported across the state and the nation, as it also raises the requirement for utilities to provide 33 percent of utilities' electrical power to come from renewable sources by 2030. The current law requires 20 percent by 2010. With this new law, California jumps further to the fore in the renewable energy field which, by many predictions, has the potential to generate thousands of new "green collar" jobs in the United States.

- Norris Lozano
Clean Web Design