When it comes to the green technology sector, there's California and then there is everyone else. The state has managed to reduce per capita greenhouse gas emissions even as its economy and population have grown, according to Next 10, the San Francisco nonprofit group that has produced the California green innovation index for the last five years. In its just released 2013 report, Next 10 said the state continues to be the national leader in areas such as venture capital funding for green technology, green tech patents and the growth in clean power generation. Next 10 founder F.
Sometimes getting bigger isn't the same as growing up. California's cleantech economy has slowed its intense growth cycle in recent months, but the emergence of new credit-worthy investors and intensifying technology innovation in the state has helped consolidate the gains of the last few years.
That's the message of the latest California Green Innovation Index, released today by the organization Next 10 and compiled by Collaborative Economics.
Don’t describe California’s clean energy sector as “emerging” – because not only has it “emerged,” it’s now diversifying and advancing, according to a new study.
An annual report from the nonpartisan organization Next 10 – the California Green Innovation Index -- says clean technology patent registrations and energy productivity are growing, clean economy jobs continue their post-recession recovery, and the state’s carbon intensity -- the amount of greenhouse gases emitted to produce each dollar of goods -- continues to drop.
The study commissioned by the group Next 10 finds Sacramento, San Diego, the Inland Empire, Orange County and the San Francisco Bay Area all had significant increases in clean tech jobs during the past decade. Noel Perry is with Next 10, "This year's index shows that California's clean economy is diversifying and advancing at a healthy pace and that it continues to help drive positive activity in our overall economy."
From 2008 to 2011, green jobs increased by more than two percent compared to a two percent decrease in the total number of jobs generated by the overall economy.
Silicon Valley venture capitalists have been investing in cleantech companies for more than a decade.
Now, an uptick in funding from some of the biggest names in business - think Berkshire Hathaway and Google - are helping to diversify and expand California's cleantech industry, according to a new report by San Francisco based think tank Next 10.