Uncertain policies affect Calif.'s renewable targets, analysts say

09/22/2010 | ForexYard

The California Air Resources Board is likely to pass a measure that would require 33% of the state's electricity in 2020 to come from renewable sources, up from the current target of 20% by 2010. However, alternative-energy companies and other supporters of the proposal are concerned that its impact would be weakened by a lack of clear policies on the federal level and leadership changes on the state level. A ballot initiative that seeks to suspend California's climate law until the jobless rate falls to at least 5.5% for four quarters could also disrupt the state's renewable-energy goals, analysts said.

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