California Climate Leadership: SB 350 Myths and Facts

California Climate Leadership
September 1, 2015

SB 350 Myths and Facts

California’s lead­er­ship on cli­mate and clean energy has gen­er­ated bil­lions of dol­lars of in-​​state invest­ment, spurring job cre­ation and strong growth in new indus­tries, and paving the way for other juris­dic­tions around the world to fol­low suit.

Set­ting aggres­sive, enforce­able new tar­gets will drive addi­tional invest­ment and job-​​growth to ensure that progress con­tin­ues and is enjoyed by all Californians.

Jerry Brown

Jan­u­ary
In his State of the State address in Jan­u­ary, Gov­er­nor Brown announced ambi­tious new energy and cli­mate goals for Cal­i­for­nia. The gov­er­nor called for statewide tar­gets of up to a 50% reduc­tion in petro­leum use in our cars and trucks, 50% elec­tric­ity gen­er­a­tion from renew­able sources, and to dou­ble the energy effi­ciency of build­ings, all by 2030.

Senate President pro Tempore Kevin de León

Feb­ru­ary
In Feb­ru­ary, Sen­ate Pres­i­dent pro Tem­pore Kevin de León intro­duced Sen­ate Bill 350, the Clean Energy and Pol­lu­tion Reduc­tion Act of 2015, to cod­ify and imple­ment the Governor’s goals. The bill was approved in the Sen­ate in June and is now up for a vote in the Assem­bly before reach­ing the Governor’s desk for his signature.

Assembly Floor

Now
Oppo­nents of the bill, led by profit-​​driven oil com­pa­nies and their lob­by­ists, have mobi­lized an aggres­sive mis­in­for­ma­tion cam­paign designed to intim­i­date law­mak­ers and dimin­ish pub­lic support.

We can­not afford to delay action any longer. Cli­mate change is already wreak­ing havoc on California’s econ­omy, cli­mate and qual­ity of life, and the effects will only inten­sify the longer we wait to act.

With stakes so high, it is espe­cially impor­tant to dis­pel the myths sur­round­ing this debate.

SB 350 and the Economy

Myth: Reducing greenhouse gas emissions will kill jobs and harm our economy. FACT: CA’s economy is growing while our emissions fall

fact

California’s GDP is nearly 30% higher than it was in 2006 ($2.2 tril­lion vs.  $1.6 tril­lion), and our econ­omy is now 28% less car­bon inten­sive (per dol­lar of eco­nomic activ­ity) than it was in 1990. Our GDP is grow­ing while our emis­sions fall.

fact

California’s total non-​​farm employ­ment of over 16 mil­lion is at an all-​​time high.

fact

Cal­i­for­nia is now the 7th largest econ­omy in the world by Gross Domes­tic Product.

fact

Since the reces­sion ended, Cal­i­for­nia leads the nation in pri­vate sec­tor job growth, adding 1.6 mil­lion jobs.

  1. Cal­i­for­nia added nearly half a mil­lion jobs in 2014, for job growth of 3.1%, higher than the national aver­age of 2.3%.
  2. Cal­i­for­nia added 52,400 jobs in May 2015, a faster rate than any other state.
fact

Cal­i­for­nia cap­tured half ($5.7 bil­lion) of clean tech global ven­ture cap­i­tal invest­ment in 2014 – sec­ond only to the U.S. as a whole – help­ing to fuel the largest advanced energy indus­try in the U.S. at 430,000 work­ers and growing.

  1. In 2013 alone, employ­ment in California’s solar indus­try grew nearly 16% — 10 times faster than the statewide average.
  2. California’s solar indus­try employed 55,000 peo­ple in 2014, more than the state’s five major major util­i­ties com­bined. Solar com­pa­nies expect to add nearly 10,000 more jobs in 2015.

To learn more, visit Cal­i­for­nia Cli­mate Lead­er­ship.