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