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SOURCE Next 10
Clean energy patents, renewable energy, energy efficiency, carbon intensity & clean jobs improve, now a staple of Golden State economy
SAN FRANCISCO, March 19, 2013 /PRNewswire/ -- Often described as "emerging," California's clean energy sector is now diversifying and advancing, according to the 2013 California Green Innovation Index (www.next10.org). The annual report shows that clean technology patent registrations and energy productivity are growing, clean economy jobs continue their post-recession recovery, and the state's carbon intensity - the amount of greenhouse gases emitted to produce each dollar of goods - continues to drop. At the same time, the new research shows that while overall investments in clean companies have fallen, financing models are changing with the rise of strategic corporate investors, and investments in some sectors continue to grow.
"California has shown it can reduce emissions while innovating and expanding its economy," said F. Noel Perry, businessman and founder of Next 10. "Emissions per capita in California continued their downward trend in 2010, and at the same time the state saw a rise in per capita GDP."
The 2013 California Green Innovation Index (greeninnovationindex.org), released today by the nonpartisan nonprofit group Next 10 and compiled by Collaborative Economics, is the fifth edition of the report. It tracks economic indicators as the state implements and adopts policies that help reduce greenhouse gas emissions in California. Included in the Index is a policy timeline tracking California's history of innovative policymaking back to 1947.
Top findings include:
"Market uncertainty and low natural gas prices caused some skittishness with investors last year," said Dan Adler, advisor to Next 10, and President of CalCEF Ventures, a venture capital fund created to accelerate investment in California's clean energy economy. "Despite one tough year, California's clean economy businesses are resilient. They are tapping new financing sources and will continue to be top national and international draws for investment."
"Patent registration data is an early indication of the direction markets are heading," said Doug Henton, Chairman and Chief Executive Officer of Collaborative Economics, which authored the report. "Hybrid systems, fuel cells, wind energy and solar energy patent registrations each more than doubled over the examined time period. This data signals a strong potential for healthy economic activity in these sectors in California in the years to come."
This year, as a special feature, the Index examines the growth of Core Clean Economy employment, jobs created by businesses that provide products and services that allow the entire economy to transition away from fossil fuels and improve efficiencies in the use of all natural resources.
Top clean economy jobs findings include:
"California is working on parallel tracks that are bringing significant short and long term economic and environmental benefits. We are producing more while using less energy and also inventing, developing and deploying innovative clean technologies," said Perry. "These activities stimulate our economy by driving innovation, encouraging investment and supporting jobs."
About Next 10
Next 10 is an independent, nonpartisan organization that educates, engages and empowers Californians to improve the state's future. With a focus on the intersection between the economy, the environment, and quality of life, Next 10 employs research from leading experts on complex state issues and creates a portfolio of nonpartisan educational materials to foster a deeper understanding of the critical issues affecting our state.
About Collaborative Economics,
Collaborative Economics, which compiled the data for the Green Innovation Index, is a San Mateo, California-based research and consulting organization specializing in economic and environmental research. CE works with senior executives from business, foundations, government, education, and community sectors to identify economic, environmental, and social trends and promote regional innovation. For more than a decade, Collaborative Economics has prepared the annual Index of Silicon Valley for Joint Venture: Silicon Valley Network and has broken new ground in the study of the emerging green economy.
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