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Governor Signs Renewable Energy Bill

California now has one of the most aggressive renewable energy policies in the nation. Gov. Jerry Brown has signed a bill into law that sets new rules for the state’s public and private utilities.

It requires them to obtain at least 33 percent of their electricity from renewable sources by 2020. Brown signed the legislation at a solar panel plant near San Jose. He talked about the challenges of environmental policy and even invoked his old nickname.

“You can’t be afraid to be called a moonbeam, weird, deviant, interesting, unexpected and let’s get it done. Senator will you come up here so we can sign this bill? Clapping fades," said Brown.

The bill was written by state Sen. Joe Simitian (D-Palo Alto), who’s been pushing the change for several years.

“When we have hit 33 percent by 2020, we will look back on this day and say ‘look what California has done.’”

Critics of the law argue that it will drive up the cost of electricity.

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Avatar for user 'Amaya'

Amaya | April 13, 2011 at 6:01 p.m. ― 5 years, 9 months ago

This new law is a giant leap forward and sends an encouraging message to the venture capital community that the state remains committed to developing a vibrant renewable energy and clean technology sector.

Between 2005 and 2009, California clean tech firms received $9 billion in venture capital funds. By the second quarter of 2010 alone, the state received $980 million in funds – the most in the world!

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