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CALIFORNIA IN PERSPECTIVE:

 A Review of State Energy Policies and Their Impact on High Growth Cleantech Markets

Clean energy products and services represent an immense and growing market. Highlighting four sub-sectors within clean energy as a proxy for overall market growth, the Cleantech Group, with support from Environmental Entrepreneurs (E2), identifies at least $10 billion of market opportunity in 2010, growing to almost $80 billion of market opportunity in 2020. We note that the overall market for clean energy is orders of magnitude larger than these exemplary sub-sectors.

In this race for clean technology leadership, California has distinguished itself at the head of the pack in clean energy policy and has reaped the benefits from increases in cleantech investment, employment, and widespread technology deployment. The Global Warming Solutions Act (AB 32), passed in 2006, has been an important catalyst for California’s cleantech leadership. Recognizing this, every state has enacted legislation in an attempt to accelerate the adoption of clean energy technologies. They are also seizing opportunities to attract new companies, jobs, and investment.

In this report, the Cleantech Group focuses on four key market categories (Renewable Electricity, Energy Efficiency, Cleaner Vehicles, and Low-Carbon Transportation Fuels) that AB 32 has helped stimulate. From 2006 through June 2010, California clean technology companies have accounted for the most venture capital — both by number of deals and total dollars raised. California companies received 40% of all dollars that have flowed into market categories related to AB 32. While California has established clear dominance in the receipt of cleantech venture capital, every state around the country is also seeking to stimulate clean technology growth through the adoption of clean energy policies.



On a state-by-state basis, clean energy policies are represented in every state. In addition, out of a list of 15 identified clean energy policies, 22 states have 11 or more clean energy policies in place. Under the Cleantech Group ranking system, California is the only state that leads in all relevant clean energy policy categories.

California in Perspective: A Review of State Energy Policies and Their Impact on High Growth Cleantech Markets analyzes the impact of the breadth and depth of clean energy policies state-by-state on clean technology venture investments. The Cleantech Group has also identified indicative cleantech companies within each AB 32 market category, including companies that have moved operations to California as a result of its nation-leading clean energy policies. This leading clean energy legislation has helped California capture a larger than expected share of clean energy economic benefits— including new jobs, energy savings for businesses and customers, and a potentially higher quality of life for its citizens from lower pollution. We believe that going forward more states will adopt clean energy policies similar to California’s to try to claim some share of these clean energy benefits.

For more information on this report, please contact David Cheng at david.cheng@cleantech.com or Adam Stern at adam@e2.org.

Download the full report.

MEDIA CONTACTS:

Dave Ewart
Cleantech Group
Tel: (415) 684-1020 x6760
Email: dave.ewart@cleantech.com

Diane Doucette
Environmental Entrepreneurs (E2)
Tel: (510) 589-2494
Email: diane@e2.org

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