With the combination of the economic downturn and the push for a “green” economy, a controversy has arisen as to whether a green economy translates into a healthy economy. According to commentator Dean Adler, President of the California Clean Energy Fund, a nonprofit venture capital fund, the answer is “yes.” In Mr. Adler’s view, “America remains the foremost innovation economy in the world, and in that respect at least, California is its capital. As we have in essential industries like aerospace, information technology and biosciences, California once again leads in developments at the next technological frontier: inventing and deploying new clean energy technologies. … California’s clean energy economy is growing three times faster than the state’s economy as a whole. With the passage of important new renewable energy legislation, our state will continue to lead the world in one of the only sustainable growth industries in a future of climate change and energy insecurity. This means new jobs, new spending in our communities and increased tax revenues during these most troubled economic times.”
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