CALIF GETS 50% NEW ENERGY BY 2030 GOAL

California governor vows to boost renewable energy, cut petroleum use

Robin Respaut, Rory Carroll, Megan Davies, with Jeffrey Benkoe, January 5, 2015 (Reuters)

“…[In his fourth inaugural address, California Governor Jerry Brown] laid out an ambitious plan for 50 percent of the state's electricity to be generated by renewable resources over the next 15 years…cut petroleum usage by drivers…double the energy efficiency of existing buildings and make heating fuels cleaner…Brown said California was on track to meet its goal of generating one-third of the state's electricity through renewable energy within the next five years…The governor's new initiative could be a boon for green energy companies, such as manufacturers of electric vehicles and those looking to build utility-scale solar projects or upgrade the state's aging electric grid…Since 2013 California's cap-and-trade program has raised nearly $1 billion from companies to offset their carbon emissions. The money could increase significantly as the program expands this year to cover distributors of transportation fuel like gasoline and diesel and home heating fuels like natural gas.” click here for more

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