California Gov. Jerry Brown has enacted the nation’s most challenging renewable portfolio standard, requiring the state’s utilities to generate 33 percent of their power from renewable sources by 2020.
Some believe the mandate will jump start the state’s economy, with 100,000 jobs forecast to be created. The law is expected to attract renewed investment by providers of wind, solar, geothermal and other clean energy sources. The state previously required 20 percent of the state’s electricity to come from renewable sources.
Brown said he would like to see the state pursue more far-reaching targets. “With the amount of renewable resources coming online, and prices dropping, I think 40 percent, at reasonable cost, is well within our grasp in the near future,” Brown said in a written statement.
The new law allows the 2020 deadline to be extended if renewable energy sources are not adequately available, reports the Los Angeles Times.