The World Economic Forum (WEF) is hailing California and its strict climate change measures as a model for the world to follow.
Praise for the Democrat stronghold can be found in a paper published by the WEF with the exhortation “Learn more about how the state can be a climate role model for other regions.”
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As one example of ‘where the future lies’, the WEF points to a recent Californian decree which specifies that 100 percent of new cars must be electric, hybrid or hydrogen-powered by 2035.
Breitbart reports: It goes on to cite “climate warnings from the IPCC highlight the urgent need to cut global emissions” while applauding “great strides” in California towards decarbonizing energy, although it adds a precautionary note that “greater investment is needed to scale up and accelerate the pace of electrification.”
Author of the paper is Pedro J. Pizarro, President and Chief Executive Officer, Edison International, and a Vice Chairman, Edison Electric Institute.
The paper is quick to assert money – and lots of it – must be spent to ensure change embodied by a carbon-neutral economy is delivered: It says:
A net-zero carbon economy is achievable, although it won’t be easy. In California alone, Pathway 2045 analysis estimates the state will need up to $250 billion between now and 2045 to add 80 gigawatts of bulk renewable power and 30 gigawatts of utility-scale storage, plus the grid enhancements needed to support all of that. Our state’s economy will require further investments for clean end-use electrification technologies.
California Governor Gavin Newsom submitted a 2022 budget proposal with funding to help get the state on track to meet its goals. We support the significant funding requests for clean energy and electrification investments, such as energy storage, pollution-free mobility and building electrification. I am especially pleased to see almost $1 billion earmarked for building decarbonization, which will scale up and accelerate the pace of electrification.
Ultimately the WEF-published paper points out “societies around the world must reduce emissions at a much faster rate than ever before to mitigate the most severe impacts of climate change and adapt to the effects that are no longer avoidable.”
It sees carbon neutrality allied with “unprecedented urgency and commitment. Whatever the politics, the tangible steps we’re taking in California to decarbonize the economy can serve as a practical road map for what happens elsewhere.”
Despite the Geneva-based WEF praise for California, it doesn’t look like residents entirely agree it is the future, as Breitbart News reported.
The state ranks second in the nation for outbound moves, according to a Federal Reserve Bank of Chicago report released last month, with many middle class residents being forced to leave the state due to California’s strict adherence to “environmentalism.”
California lost 352,000 residents between April 2020 and January 2022, according to the state’s Department of Finance statistics.
The departure of hundreds of thousands of California residents comes after the state lost a congressional seat for the first time in history due to its below-average population increase from 2010 to 2020.
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