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Oslo, Norway, they have reduced energy consumption by 70 percent simply by using an innovative and energy-efficient form of streetlights without an international agreement. The African region of Okavango planted 300,000 acres of trees, which will sequester 30 million tons of carbon dioxide. The state of South Australia is on track to generate 33 percent of its power from renewable sources by the year 2020. Across its various regions, China is investing billions of dollars in electric and hybrid vehicles. South Africa is developing a solar project that, when complete, will provide one-eighth of all of the energy of the entire country. Twenty-nine of New York City's universities and hospitals have accepted Mayor Bloomberg's challenge to reduce their emissions by 30 percent within the next few years.

in California

orld's largest solar plant and the world's largest wind farm, providing enough energy to power 740,000 homes. We have already approved solar plants that will provide 4,000 megawatts of energy.

goal of generating 33 percent of our energy from renewables by the year 2020.

California is now 40 percent more energy efficient per capita than the rest of the United States. More than one-third of the world's clean-tech venture capital flows right here out of our state. We lead the nation in clean energy patents and clean energy businesses.

Solazyme

The aggressive entry of Britain into the field over the last few years shows the power of government inducements to redesign a nation’s energy economy away from traditional fuel. The country’s Green Deal, as it is called, is currently being spearheaded by the Conservative-led coalition government. In Britain, reducing carbon dioxide emissions was one of the few policies supported by political parties of both the right and left, which both accepted that climate change was a serious problem and saw clean technology investment as a growth opportunity rather than an onerous obligation.

Dr. Arun Majumdar, senior adviser to Energy Secretary Steven Chu, said that the department’s $5 billion budget for research should be tripled as it currently financed less than 5 percent of proposed projects. He said the country needed better low-cost financing methods to bring companies into the market, as well as stricter energy-efficiency standards to stimulate customer demand.

Nobody thinks it is a bad idea to reduce carbon emissions, the question is how do you do it."

The Brookings/AEI/Breakthrough report

The heart of the plan is to overhaul the U.S. energy innovation system with strategic federal investments in clean energy, on the scale of $25 billion annually,