Project at a Glance
Title: The clean energy industry in California: an economic analysis assessing the current market in the global economy
Principal Investigator / Author(s): Ferrier, Grant
Contractor: Environmental Business International, Inc.
Contract Number: 07-315
Topic Areas: Benefits, Impacts
The clean energy industry was a $27-billion industry in California in 2009, 12% of the U.S. total and 2.5% of the global total, employing 123,000 Californians. The objective of this economic research report is to define, quantify, profile and forecast the growth and development of the clean energy industry in California, the United States and globally and to offer an informed assessment of California‘s competitive position. The clean energy industry is divided and quantified into nine major segments and 48 sub-segments, each shaped by dynamic business trends and with state and federal policies playing a major role in their evolution. California plays a leading role in some segments and lags noticeably in others, partially due to the influence of government policy. The report concludes that the competitiveness of an industry in a nation or state is largely driven by domestic policy and the corresponding consistency of market demand. In the emerging clean energy industry, California‘s pioneering policies have often created a framework for competitive advantage not always fully leveraged by consistent implementation or accompanying federal programs and initiatives, yet California still is home to some of the world‘s most innovative companies in the business of clean energy and greenhouse gas emissions reduction. As California enters the new era of AB 32 and emissions trading, this study serves as an important benchmark of a growing industry still in its infancy.
For questions regarding this research project, including available data and progress status, contact: Heather Choi at (916) 322-3893
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