rose foundation
The Rose Foundation
6008 College Ave,
Suite 10
Oakland, CA 94618
(510) 658-0702
fax (510) 658-0732
email us

Environmental Fiduciary
 
New Voices Are Rising
 
Grantmaking
 
Donate
 
Home


The Rose Foundation
for Communities and the Environment
Project for Energy, Labor and the Environment
Renewable Energy Provides
a Clean, Secure and Reliable Energy Future

California's energy crisis, whether real or contrived, has fueled nationwide fears of power shortages, sent energy prices soaring, and illustrated the danger of over-reliance on fossil fueled power. The events of September 11, 2001 and the instability in Southwest and Central Asia underscore the dangerous vulnerability that our dependence on fossil fuel creates. Renewable energy and energy efficiency offer California, and the United States as a whole, the most direct path to a clean, secure and reliable energy future.

A Pivotal Moment

With natural gas prices spiraling out of control throughout the winter of 2000 and the spring of 2001, California – desperate to avoid rolling blackouts – bought electricity at extortionate prices, exhausting the largest state budget surplus in years and leaving underfunded many educational, social and environmental programs. Now we are at a pivotal moment: huge sums of money will be spent to build new capacity, locking in infrastructure for the next 50 years. More than 70 new gas-fired power plants are now proposed for California, alone, threatening to leave the state even more vulnerable to future natural gas price shocks and possible interruptions in supply.

But the need for increased power reserves can be redirected toward renewable energy and efficiency. Over the past year California has authorized funding for $135 million worth of programs promoting renewable power generation and energy efficiency; California’s Consumer Power and Conservation Financing Authority is requesting bids from potential providers of 30 megawatts of photovoltaic power cells, and the 2002 State legislature is expected to consider a Renewable Portfolio Standard requiring retail power providers to ensure that 20% of the power they sell comes from renewable resources by 2010. Choices made now will determine whether energy production for the next half century is dominated by fossil-fuel, hydro power, and nuclear plants, or by clean renewable power.

Renewable Energy Investment
The heightened focus on energy provides an opportunity to advance energy efficiency and clean, environmentally sound, renewable power in California. Working with allies in California's local and regional labor organizations, we seek to move the California Public Employees’ Retirement System, State Teachers Retirement System and other public pension funds to invest in renewable power and energy efficiency. These funds, which control huge amounts of capital, are ideally poised to invest in a secure retirement for their beneficiaries and in a clean energy future by providing the investment capital to make environmentally friendly alternatives to fossil fuel generation economically viable.

The opportunities for creating new, sustainable, family-wage jobs in renewable power and energy efficiency are tremendous. Working together with our labor allies, we can demonstrate that by advancing renewable energy and energy efficiency we can create good, labor-friendly jobs, and expand the constituency for sustainable energy policy within the organized labor movement at the national and international level.

Project Goals
  • Reduce reliance on environmentally damaging fossil fuel, nuclear and hydro power by promoting energy efficiency and clean, environmentally sound, renewable power.
  • Create significant numbers of new, family wage jobs in renewable power and industries that enhance energy efficiency.
  • Spark environmental/labor partnerships that will counterbalance the fossil fuel industry's political clout, by encouraging solar and wind industries to create family-wage jobs and increasing public and pension fund investment in worker-friendly clean energy companies.