Global warming and economic growth

The California governor has recognized that by taking the lead on global warming, California can reap enormous economic benefits, potentially saving $2,500 a year for every household in the state. Last year, venture capital investors took note of his progressive climate policy and directed more than $1 billion to the California clean technology sector. Of the 2006 investment pie for clean tech firms, that represented about a 7 percent increase in California’s overall share, while the Northeast’s share dropped by more than 10 percent.

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