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California has long fantasized the beacon of environmental advancement. This is a nation willing to take responsibility for the fight against global warming.
But the reality is that this pursuit of a “green” future has arrived at a staggering cost for California consumers and businesses, making it increasingly unsustainable.
A recent study by the Pacific Institute reveals the truly surprising magnitude of this financial burden, with Green Transition estimated that Californians will fund the state's switch to alternative energy sources, between $17,398 and $20,182 per family.
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California's Green Transition is projected to cost as much as $246.7 billion to close nuclear power plants and oil fields while building solar panels and wind turbines and battery infrastructure. These shocking figures should be suspended by all policymakers and residents.
The proactive state mission, such as promoting 100% zero-emission vehicles (ZEVs) by 2035, is a prime example of this misguided approach. While the goal of reducing emissions is commendable, Sacramento's top-down, one-size approach ignores basic economic realities. These obligations artificially inflate transportation costs and place a disproportionate burden on low- and middle-income families.
And these obligations denies the reality that electric vehicles are more expensive to buy than their gas-powered counterparts. Advocates have touted the potential for long-term savings on fuel, but these savings will soon be eroded by rising electricity costs in California.
Aside from higher costs, these missions will soon bring about a major energy shortage – if the state's 100% renewable energy and electric vehicle mandate is enabled, the state will run out of 21.2% of the electricity it needs to fuel the grid every day. And this does not include the demand for artificial intelligence or the immensely looming forces for green appliances and HVAC delegation to households and businesses that will be enacted over the next few years.
But you don't have to be an economist to see the pain. California drivers routinely pay some of the highest gas prices in the country. These prices are not driven solely by global market fluctuations. It is also a direct result of California's unique blend of environmental regulations, taxes and fees. Gov. Newsom can turn his fingers to every oil company he wants, but his policies play a key role.
And it's more than just gasoline. Electricity bills in California are rising sharply. A recent report from the office of nonpartisan legislative analysts confirms what many Californians already know. These costs are driven by a combination of factors such as wildfire mitigation costs and the state's highly “ambitious” greenhouse gas reduction program.
Companies are also feeling the limit. High energy costs in California make them more difficult to compete, discourage investment and encourage jobs from the state. How can California businesses compete with companies in states with much lower energy costs?
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Despite these real consequences, Gov. Nuskom and other policy makers seem to intend to move forward on the same course. They are promoting the long-term benefits of the green economy, but ignore the very real and immediate pain that their policies are being given to ordinary Californians. Families are struggling to pay their bills, small businesses are closing their doors, and the dream of homeownership slips even further out of reach for many.
It's time for a reality check. California needs a more balanced and practical approach to energy policy. We need to recognize the limitations of current renewable energy technologies, address the surge in electricity costs, and pretend we can hope for a path to a carbon-free future through legislative fiat.
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Sacramento politicians cannot legislate innovation as they wish, but they should encourage it, embrace wise reforms such as expanding the use of low emissions and more affordable nuclear power generation, and establishing an innovation environment for emission reductions.
The current pathway for the state is unsustainable. Unless you change courses, California's green dreams become economic nightmares for millions of people.
