With a mandate for state energy providers to generate a third of their power from renewable sources by 2020, the impending implementation of AB 32 and an increasing push for the latest electric, plug-in hybrid and fuel cell vehicles, California has positioned itself at the forefront of renewable-energy generation. The state has taken the lead in the construction of solar farms, wind farms and even biomass plants, ordered fleets of hybrid buses, and installed electric vehicle charging stations around the state. With this push for clean fuels, new "clean" generating capacity and new vehicles, how does California capture the economic value from the research and manufacturing of these new facilities and products? Is the state's energy infrastructure ready to handle these new demands? What will the cost be to the state government, businesses and consumers? And what can California do to compete with countries such as China and Germany that are investing heavily in green energy?
Senior Fellow and Executive Director, Center for Accelerating Energy Solutions, Milken Institute
Professor and Director, UCLA Smart Grid Energy Research Center (SMERC)
Managing Director and Senior Analyst, Alternative Energy Research, Bank of America Merrill Lynch