Achieving Proposition 39's Clean Energy Promise: Investing in Jobs, Energy Efficiency, and Renewable Resources

Achieving Proposition 39's Clean Energy Promise: Investing in Jobs, Energy Efficiency, and Renewable Resources

J.R. DeShazo, Colleen Callahn, and Elizabeth Beryt
April 2013

California votes approved Proposition 39, the California Clean Energy Jobs Act, in November of 2012. California has a tremendous opportunity under Proposition 39 to increase jobs, realize significant benefits for schools, strengthen the public and private sectors, and improve environmental sustainability. This report explores strategies for the implementation of Proposition 39 funds that could maximize long-term investment in energy efficiency and clean energy, and the associated jobs and other benefits for Californians. The authors calculate that clean energy funding from Proposition 39 could quadruple if revolving investment mechanisms are put into place. The report recommends that a portion of Proposition 39 funds be used for: (1) a revolving loan fund and associated lending programs to finance energy efficiency and clean energy projects, (2) project support and demand stimulation programs, and (3) robust accountability measures at both the program and project level to assure achievement of desired energy savings and other proposition objectives.