Climate crisis “is costing our businesses and our economy every year” WASHINGTON – More than 400 U.S. business leaders called on Congress to “go big and go bold” to address the climate crisis threatening the economy and pass the Build Back Better Act in a letter delivered to all 435 members of Congress this week. […]
WASHINGTON – The House Ways and Means Committee unveiled its list of revenue priorities and tax reforms (or “pay-fors”) it will rely on to fund the $3.5 trillion reconciliation bill. Statement from Sandra Purohit, director of federal advocacy for the national, nonpartisan business group E2 (Environmental Entrepreneurs): “The cost of going small is too high. […]
California is already suffering dire economic impacts from the effects of climate change, presenting significant business and economic risk to the world’s fifth largest economy. The costs of extreme climate events such as wildfires and droughts have risen steadily throughout the past decade, and are projected to increase dramatically in California if current trajectories continue. These costs are being borne by everyone who lives, pays taxes, buys insurance, or works in California.
At the same time, aggressively addressing climate change — reducing greenhouse gas emissions while growing the state’s clean energy economy — presents one of the greatest economic opportunities of the 21st century. Ambitious climate action produces robust job creation, sustainable economic growth, and California leading global innovation across a wide range of industry sectors. Members of Congress can seize this opportunity by passing a bold American Jobs Plan anchored in clean energy investments; California lawmakers must build on existing state climate policy leadership to ensure the state remains a nexus of investment and innovation in the 21st-century economy.
This report reviews and compares the damage to California’s economy from recent climate-related disasters and risks from future unabated climate change to the potential impact specific climate action policies could have on job and economic growth in the state’s core industries such as technology, construction, agriculture, and tourism. The report, made possible by the Leslie and Susan Gonda (Goldschmied) Foundation, uses publicly-available information and data from previous E2 analysis, BW Research, state and federal agencies, the University of California system, and other sources.
If you are looking for additional insight into the clean economy and how it drives job growth, please see E2’s other clean energy employment reports, visit e2.org/reports.
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“There’s an argument that’s been around for a long time, that somehow the economy and the environment are at odds and we can’t do two things at once,” says Bob Keefe, executive director of E2, an organization of business groups focused on environmental action. “What we’re seeing today is that there’s never been more clarity […]
E2, a national, nonpartisan group of business leaders and investors, also sent a letter in support of SB 449 on behalf of their network of more than 2,600 California business leaders, writing: “Robust and high-quality disclosure of financial risk is critical to preparing for catastrophic climate change as well as navigating the early-stage impacts we are currently […]
WASHINGTON, DC (April 22 2021) – President Biden on Thursday is expected to announce a commitment to cut US greenhouse gas emissions by 50 to 52 percent compared to 2005 levels by 2030. The announcement comes after nearly 400 E2 members and supporters signed this letter urging the president to cut emissions by at least 50 […]
Letter signed by 388 business executives, entrepreneurs, and investors says bold target would send right signal to drive growth As the Biden administration prepares for its April 22 international Leaders Summit on Climate, nearly 400 business leaders from across the U.S. on Monday called on President Joe Biden and his administration to commit to a […]
As innovators, entrepreneurs, investors, business owners and other professionals, we reject the idea that at least a 50% reduction in greenhouse gases by 2030 is unattainable or harmful to business. That’s because we know first-hand the power of American innovation and the ability of American companies and workers to get the job done – as […]
Before the coronavirus pandemic began, there were 3.4 million Americans employed in the clean energy sector, according to a 2020 report from Environmental Entrepreneurs (E2), a non-partisan group of business leaders. Many of the new jobs in the pipeline will be to install EV chargers, retrofit buildings and upgrade transmission capacity.
E2: Administration takes a “whole of economy” approach to climate action WASHINGTON (March 31, 2021) – President Biden will outline his plan for rebuilding America’s infrastructure in a speech later today in Pittsburgh. Biden’s American Jobs Plan will focus on how smart investments in priorities such as ensuring safe drinking water, modernizing the energy grid, […]
WHAT Profound change is afoot in the quest to meet California’s ambitious decarbonization targets and our state’s electric grid is a critical lynchpin; delivering zero-carbon electricity to California citizens and businesses is critical as we work to power our industries, buildings, and transportation sector with clean electricity. Realizing 100% clean energy and statewide carbon neutrality […]