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<\/p>\nParamount, CA…California is accelerating the state\u2019s push to achieve net-zero carbon pollution by 2045 with billions of dollars going to support communities, create green jobs, and pave the way for our clean fuel future.\u00a0 With unprecedented state investments supporting the state\u2019s transition away from fossil fuels, Governor Gavin Newsom visited a renewable fuels facility in Paramount today to spotlight California\u2019s nation-leading transition to clean fuels and broader commitment to green jobs.<\/p>\n
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Governor Newsom toured World Energy \u2013 a renewable fuels company that converted a petroleum refinery to become the world\u2019s first producer of sustainable aviation fuel and is currently building out the facility to produce clean hydrogen \u2013 to see California\u2019s clean energy transition at work.<\/p>\n
World Energy has received millions of dollars in grants from the state to support their clean energy projects, and is one of hundreds of companies that have received state funding. Already, World Energy Paramount has produced 150 million gallons of renewable fuels \u2013 the equivalent of taking 250,000 cars off the road \u2013 and represents the broader success of\u00a0California\u2019s Low Carbon Fuel Standard<\/a>\u00a0(LCFS), which has dramatically reshaped the state\u2019s fuels market. Since its inception in 2009, LCFS has doubled California\u2019s use of clean fuels.<\/p>\n Additionally, the Governor marked International Workers\u2019 Day while at World Energy and met with hundreds of union construction workers who are building the next phase of the facility that will produce clean renewable hydrogen.<\/p>\n What Governor Newsom said:\u00a0<\/strong>\u201cCalifornia\u2019s clean energy future is here, and there\u2019s no better example of that than this petroleum refinery-turned renewable fuels hub. The fuels of the future are clean and California is leading the way with billions of dollars to supercharge this transition while creating thousands more good green jobs and growing our economic might.\u201d<\/p>\n Governor Newsom also highlighted the state\u2019s\u00a0recent action<\/a>\u00a0to fully transition to zero emission trucks after the California Air Resources Board (CARB) approved a world-leading regulation last week to phase out the sales of medium and heavy-duty combustion trucks in California by 2036. World Energy will soon produce clean hydrogen, which\u00a0many new trucks will rely on for fuel.<\/p>\n California\u2019s Clean Energy Record:\u00a0<\/strong><\/p>\n MOVING AWAY FROM FOSSIL FUELS:\u00a0<\/strong>Last year, the Governor\u00a0directed state agencies<\/a>\u00a0to move faster on climate action, setting ambitious new targets for renewable energy, clean buildings, carbon removal, and clean fuels in the transportation sector. The Governor\u2019s\u00a0California Climate Commitment<\/a>\u00a0includes billions of dollars for supporting and accelerating the state\u2019s clean energy transition.<\/p>\n<\/li>\n CLEANER FUELS:<\/strong>\u00a0In 2009, California adopted the Low Carbon Fuel Standard (LCFS) to cut greenhouse gas emissions and other toxic air pollutants by improving vehicle technology, reducing fuel consumption, and increasing transportation mobility options. LCFS has\u00a0dramatically reshaped<\/a>\u00a0California\u2019s fuels market over the last decade \u2013 reducing the carbon intensity of fuels in the state by 10% and more than doubling the use of cleaner fuels, displacing over 24 billion gallons of petroleum fuel. Last year, the\u00a0Governor requested<\/a>\u00a0that the California Air Resources Board (CARB) consider a more stringent fuel standard and accelerate refinery transitions to clean fuels production. Additionally, Governor Newsom directed CARB to establish a 20 percent clean fuels target for the aviation sector.<\/p>\n<\/li>\n GOOD GREEN JOBS:<\/strong>\u00a0California is home to the most clean energy jobs in the U.S. and our renewable energy and clean vehicle industries lead the nation in growth. California boasts more than a half-million green jobs and has 6 times more clean jobs than fossil fuel jobs. Moreover, 1 in 4 U.S. renewable energy jobs are in California and 58% of California clean energy jobs are small business jobs. In Los Angeles County, 75 percent of green jobs do not require a bachelor\u2019s degree. Guiding this transition, the Governor and the Legislature have invested over $1 billion in a clean energy jobs strategy focused on building resilient communities in the transition to a zero-carbon economy. This strategy includes the $600 million\u00a0Community Economic Resilience Fund (CERF)<\/a>\u00a0to support a bottom-up approach to developing regional economic planning partnerships that will chart California\u2019s economic future in an equitable, context-sensitive, inclusive, and sustainable way.<\/p>\n<\/li>\n GROWING CALIFORNIA\u2019S ECONOMY:\u00a0<\/strong>California outperforms the U.S. and the rest of the world in renewable energy, the fastest-growing business in California.\u00a0According to a recent analysis from Bloomberg<\/a>, the market capitalization of California companies in this industry increased 731% the past three years. The state boasts 55 zero emission vehicle-related manufacturers in California, employing tens of thousands of workers, and the list is growing.<\/p>\n<\/li>\n\n