Source: http://www.nytimes.com/2015/04/30/us/california-governor-orders-new-target-for-emissions-cuts.html?&moduleDetail=top-news-1&action=click&contentCollection=Opinion®ion=Footer&configSection=article&isLoggedIn=false&module=TopNews&pgtype=article Under Mr. Brown’s order, emissions would have to be reduced by 40 percent over 1990 levels by 2030. Under existing state law, emissions are supposed to be cut back by 80 percent over 1990 levels by 2050, . . . Mr. Brown’s order marks an aggressive turn in what had already been among the toughest programs in the nation aimed at reducing greenhouse gas emissions. Under the law put into place by Mr. Brown’s predecessor, Arnold Schwarzenegger, the state was required to reduce greenhouse gas emissions to 1990 levels by 2020 on the way to reach the 2050 target; California is already well on its way to meeting the 2020 goal, and may exceed it, officials said Wednesday. . . . In his State of the State address in January, the governor called for reducing gas consumption by cars and trucks by up to 50 percent over the next 15 years. Nothing like having a crisis, a drought, to make political will show up. Bob Wilson
love it, right at a time when congress is folding like a cheap suit. keep the faith california! hopefully the other carb states will follow.
That would save shipping costs from the Gigafactory: The net-zero gigafactory will be built in the Tahoe-Reno Industrial Center, a massive 107,000-acre park that already houses Walmart and PetsMart distribution centers, NV Energy and pet food manufacturer Kal-Kan. Fulcrum BioEnergy plans to build a biofuel refinery at the industrial park, according to an announcement made Thursday during the National Clean Energy Summit in Las Vegas. - Source: Details emerge about Tesla's Nevada gigafactory deal - Fortune Sounds like a good plan to build a single, manufacturing plant. It will also keep it away from the rising sea level. I'll need to buy some Tesla stock. Bob Wilson
Easiest way to cut ghg that amount is to move energy intensive businesses out of state. Of course they simply produce that much or more ghg where they are moved I'm not sure that has much to do with the drought. Certainly some parts of the program sound good, but a lot of it is simply politicians pretending to do something good for the people, but it really is only good for the people giving them campaign contributions. Doing it in Nevada definitely saves tesla money versus california. The gigafactory is already priced into the stock though. Its got a rich valuation here. It can go much higher if they start selling well n china, but it may go lower if china doesn't pick up. If you are speculating buy leaps, they have a much better risk reward than the stock right now.
