California’s cleantech industry is growing by leaps and bound. Unfortunately, a measure on the ballot for November known as Proposition 23 poses a threat to that boom, according to the Green Technology Leadership Group (GTLG).
In order to voice their opposition to Proposition 23–which, according to the Group, aims to suspend California’s landmark environmental laws, including AB 32–GTLG recently released a series of videos focusing on Proposition 23’s negative implications for environmental quality, job creation, clean technology innovation, and investment in California. The videos are currently available online at the GTLG website–and soon, will be streaming via a variety of familiar, high-traffic websites. The goal is to amass over one million voters to oppose Proposition 23.
AB 32 requires California’s greenhouse gas emissions to be reduced to the levels of 1990 by the year 2020, providing the state with the authority to implement California’s Low Carbon Fuel Standard and Renewable Portfolio Standard, both of which create immediate demand for large-scale, low-carbon and renewable transportation fuel and electric power. (AB 32 also authorizes California to create a “cap and trade” market for greenhouse gas reduction credits.)
According to the GTLG Political Action Coalition, since the passage of AB 32 in 2006, California has garnered $9 billion of private investment capital and a rate of cleantech job growth in excess of the statewide average–all of which would be in jeopardy should Proposition 23 get passed on November 2nd.
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