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A Program for Economic Recovery and Clean Energy Transition in California
By Robert Pollin, Jeannette Wicks-Lim, Shouvik Chakraborty,Caitlin Kline, and Gregor Semieniuk - Department of Economics and Political Economy Research Institute (PERI); University of Massachusetts-Amherst, June 10, 2021
This study presents a robust climate stabilization project for California. It demonstrates that achieving the state’s official CO2 emissions reduction targets—a 50 percent emissions cut by 2030 and reaching zero emissions by 2045—is a realistic prospect. This climate stabilization project can also serve as a major engine of economic recovery and expanding economic opportunities throughout the state. This includes an increase of over 1 million jobs in the state through investment programs in energy efficiency, clean renewable energy, public infrastructure, land restoration and agriculture. The study also develops a detailed just transition program for workers and communities in California that are currently dependent on the state’s fossil fuel industries for their livelihoods. In particular, we focus here on conditions in Kern, Contra Costa, and Los Angeles counties.
The study is divided into nine sections:
- Pandemic, Economic Collapse, and Conditions for Recovery
- California’s Clean Energy Transition Project
- Clean Energy Investments and Job Creation
- Investment Programs for Manufacturing, Infrastructure, Land Restoration and Agriculture
- Total Job Creation in California through Combined Investment Programs
- Contraction of California’s Fossil Fuel Industries and Just Transition for Fossil Fuel Workers
- County-level Job Creation, Job Displacement, and Just Transition
- Achieving a Zero Emissions California Economy by 2045
- Financing California’s Recovery and Sustainable Transition Programs
Nineteen labor unions throughout California have endorsed this study and its findings.
Disclaimer: The views expressed here are not the official position of the IWW (or even the IWW’s EUC) and do not necessarily represent the views of anyone but the author.
The Fine Print I:
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The Fine Print II:
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