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**JUNE 11, 2021**

Kuttner on TAP

A Green Transition for California

****

It's becoming increasingly clear that a green transition is a big
winner-for jobs, for new clean industry, and of course for the
environment. It's also clear, once you get down to cases, that this
strategy is eminently affordable.

Our friends at the Political Economy Research Institute (PERI) at UMass
Amherst have just released the latest in their series of state-level
studies on exactly how to make a clean-energy transition work, this one
for California
.

The Golden State is especially fertile territory to actually implement
such a plan, since it has large and progressive Democratic majorities in
both houses of the state legislature as well as a progressive governor
in Gavin Newsom, and has long been ahead of national policy when it
comes to climate. California also currently has an immense state budget
surplus.

The PERI report was commissioned by several California unions, and is
endorsed by 18 unions and labor federations, as well as by climate
groups. The study is worth reading in its entirety.

The basic concept is to reach California climate goals of 50 percent
reduction in carbon emissions by 2030 and 100 percent (zero emissions)
by 2045, by systematically building a clean-energy infrastructure to
fully displace the existing carbon fuel infrastructure, being mindful of
the need for a just transition for workers in the carbon economy.

The PERI plan would create about a million net new jobs, and cost an
average of $76 billion a year between now and 2030. Under California's
projected share of President Biden's proposed infrastructure outlays,
the federal government would provide more than half of this. The public
money, in turn, would generate a like amount of private investment.

We're reached a point where a green transition is more than
cost-effective. All that's needed is the right kind of blueprint and
political leadership. In this short interview
, I discussed the details of the PERI
California plan with its lead author, economist Robert Pollin.

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~ ROBERT KUTTNER

Follow Robert Kuttner on Twitter

Robert Kuttner's latest book is
The Stakes: 2020 and the Survival of American Democracy
.

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