There is a meme that California is the energy efficiency model for the U.S. and even the rest of the world. It is based on the fact that through 2007 the state had grown it's economy by X percent since X (pick a date) while holding per capita energy use flat.
The Wall Street Journal's Environmental Capital blog has two posts today that relay this meme:
Green Ink: California’s Waiver and Clean Tech’s Woes
Get Smart: More Calls for Energy Efficiency to Meet Demand
I had a comment, basically off the top of my head, on why the California experience may not be a good guide:
I’m not sure that California is the best example for the rest of the world.With a couple minutes to think I would add the fact that a pretty big chunk of California's electricity is generated by burning coal in Arizona, Utah and Idaho.
Comment by - January 22, 2009 at 12:41 pm
And the fact that the growth of California's economy this decade was based on the residential real estate bubble which was not just unsustainable but was actually smoke and mirrors.
The U.S. should look elsewhere for a model, not to Zimbabwe del Norte.
One of our Climateer Investing readers emailed that the California Intel facility being closed is the D2 plant in Santa Clara.The emailer added "I think D2 was the last factory, not just in the Valley but in the entire state.
INTC’s press release also said they would halt production at:
“..Fab 20 an older 200mm wafer fabrication facility in Hillsboro, Ore….”