California’s Comprehensive Climate Action Recognizes Green Tech As A Bright Spot

California has adopted the country’s first comprehensive
global warming blueprint, calling for a return to 1990 emissions levels by
2020—equaling a 15 percent reduction of current emissions—and for one-third of
electricity generation to come from renewables.

“When you look at today's depressed economy, green tech is
one of the few bright spots out there,” said
Governor Arnold Schwarzenegger, who added that the plan will “unleash the
full force of California's
innovation and technology for a healthier planet.”  

The California Air Resources Board’s new plan combines a cap-and-trade
system with new efficiency regulations, and targets were established for nearly
all sectors of the economy-including transportation, buildings, and refineries. California regulators say the climate action plan could serve as a model for national
legislation under President-elect Barack Obama.