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This new report seeks to better understand California’s cap-and-trade program and different alternatives for how the state can use the allowance value created under the cap-and-trade program.

The findings in this report summarize a series of reports commissioned by Next 10 that represent the first extensive analysis on the issue of alternative uses of allocation value and the revenue derived from permit auctions.

The 2012 California Green Innovation Index documents how clean technology investment and innovation are helping drive growth in California’s overall economy.

Five key findings of the 2012 Index include:

In connection with the launch of the revamped 2012 California Budget Challenge, Next 10 commissioned a poll from the Field Research Corporaton on state budget issues. 

Provides a comprehensive, bottom-up accounting of California’s Core Green Economy. The state’s Core Green Economy is represented by businesses involved in the clean energy sector, those that provide goods and/or services to conserve natural resources, and those that cut pollution and/or repurpose/recycle.

Shows that strong fuel economy standards and vehicle emissions standards will drive economic growth – and the stronger the standard, the greater the growth.

Tracks key indicators to access opportunities and obstacles for California in the EV sector and finds that California captures 69% of global EV investment in 2011, ranks first in the U.S. in EV patents, and EV jobs increase during downturn.

Many Shades of Green tracks employment and business growth related to products and services that improve efficiencies in the consumption of all natural resources and reduce negative environmental impacts. Data in this new report show that jobs in the green economy are growing more than three times faster than jobs in the total economy. The Core Green Economy now accounts for 174,000 jobs in California and has a growth rate similar to that of software jobs since 2005.

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