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California’s Long-Term Energy Policy. Long-Term Energy Challenges. Economic challenges Environmental impacts Policy changes. Economy. Maximizing investments from state run programs Example : Cap-and-Trade & Prop 39 funds
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Long-Term Energy Challenges • Economic challenges • Environmental impacts • Policy changes
Economy • Maximizing investments from state run programs • Example: Cap-and-Trade & Prop 39 funds • Maintaining economic vitality, quality of life and creating sustainable job growth • California can become the model to the nation and rest of the world on how to curtail GHG emissions while bolstering our state’s economy
Environment • Rising sea levels and dramatic changes in weather patterns • High rates of extinction for both plants & animals • Loss of ecosystems around the state • Increased GHG emissions caused by population growth and increased energy & fuel consumption
Policy • Align California’s energy policy with our state’s growing energy and transportation needs, which: • preserves grid reliability while mitigating GHG emissions • enables ALL renewable technologies and alternative fuels to be considered for RD&D programs and the CPUC’s LTPP process • considers direct and indirect costs to the electrical system
AB 284 – The Road to 2050 Coordination Advisory Report Improves data collection and analysis of GHG emissions and reductions Marginal cost-curve analysis of each AB 32 associated program • Increases transparency and communication between the state agencies and legislature • Increases private sector participation