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Climate Fast Facts: Colorado

Clean Businesses (2007)Clean Jobs (2007)Clean Job Growth
(1998-2007)
Overall Job Growth
(1998-2007)
Jobs Lost
(2008-2009)
1,778 17,008 18.2% 8.2% 73,000

 

Climate & Energy Resources

 

Jobs

Colorado has begun to be a destination for clean energy investment. The state could gain 28,000 jobs and about $2.6 billion in investment revenue if $150 billion was invested in clean energy nationwide, and drop unemployment by 1 percent.

 

Opportunity

Colorado has the potential to be the centerpiece of our nation’s wind power generation, currently ranking 6th in overall generation and 11th in potential generation. Committing to a 30 percent growth in solar in the United States would bring over 700 jobs and over $575 million in investments to Colorado. Under the ACES bill Colorado would receive $545 million for expanded energy efficiency investments, $342 million for natural gas efficiency investments.

 

Cut Costs

The average family in Colorado would save $4.47 per month on their energy bills and a $5.08 per month on vehicle fuel costs if the American Clean Energy and Security Act was enacted.

 

Climate Consequences

The Colorado climate has already warmed by approximately 1°F, a figure that could rise to 7°F by 2060. Decreased snowpack at the sources of Colorado’s rivers, comprising 75 percent of the river’s flow, means dire consequences for the region’s most important source of water. The loss of water will also exacerbate Colorado’s forest fires. Less snow will also put a strain on Colorado’s vibrant winter sport tourism industries.

 

State Actions

While Congress debates climate and energy legislation on the Hill, Colorado is quickly becoming one of the leaders in state climate legislation. Colorado has written a climate action plan, and is an observer of the Western Climate Initiative’s cap-and-trade system. The state also has set renewable energy portfolio standard, energy efficiency resource standards, financial incentives for biofuels and set a state emissions target of 20 percent below 2005 levels by 2020.

 

Regulating Carbon Markets

 

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