About This Report

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.

Key Findings


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.

Full Report

Download the complete report at this link.

Looking for More Info?

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.

Connect with E2

Take Action - Sign Up for Email Updates

Events - Our Latest Events

ZoomPress Briefing: New Jobs Report on Replacing America’s Lead Pipes

In March, The Biden administration announced plans to remove 100 percent of America’s nearly 10 million lead service lines (LSLs) through the American Jobs Plan. A... (Read More)

HopinPartner Event: 2021 CleanTech Innovation Showcase

Calling all Corporate sustainability officers, environmental officers, C-suite, researchers, elected officials, policy staff, entrepreneurs, investors, STEM students, and everyone building an innovative CleanTech Future! Join us for our... (Read More)

ZoomEquity & Workforce Development in the Clean Economy

Please join E2 for a national webinar discussion on access to clean energy job training. Before the pandemic, clean energy jobs were one of the fastest... (Read More)

Donate Today