UCLA Report: Prop 39 Fund Would be a Boon

LOS ANGELES—Creating a revolving fund to finance clean energy and energy efficiency projects could dramatically increase the economic impact of Proposition 39 – the California Clean Energy Jobs Act—to well over $1 billion. That is the conclusion of a study conducted for the Los Angeles Business Council Institute by a research team at UCLA. The measure could also create an estimated 21,000 green jobs in the Golden State, the report adds.

The LABC Institute, which is dedicated to strengthening the sustainable economy of California, provides a bridge between the public and private sectors to develop policies and programs that promote investment, jobs and business development. The Institute has been actively working to help the state achieve its Renewables Portfolio Standards (RPS) goals, and commissioned the UCLA study to determine how to maximize the environmental and economic benefits of Proposition 39.