California’s climate investments

Under Governor Gavin Newsom, California is a leader in confronting the climate crisis.

California is on the front lines of combatting climate change. We’ve experienced devastating wildfires, record-breaking extreme heat, and mega droughts. The costs of climate change are too great not to act. Extreme weather events cost U.S. taxpayers $165 billion in 2022 alone. The health costs of climate and air pollution in the U.S. are well over $800 billion annually, and the costs of delayed or insufficient climate action could cost the U.S. $14.5 trillion over the next 50 years.

Governor Newsom advanced a historic, multi-billion-dollar climate budget that:

• Tackles wildfire and drought challenges
• Helps communities adapt to extreme weather
• Supports the state’s zero emission vehicle goals
• Delivers clean, reliable, and affordable energy
• Saves Californians money and creates prosperous communities

These world-leading climate policies are making a difference.

• We exceeded our 2020 climate target 6 years ahead of schedule.
• California is home to the most clean energy jobs in the U.S.
• Our renewable energy and clean vehicle industries lead the nation in growth.
• California has seven times more clean jobs than fossil fuel jobs.
• The state’s plans to achieve carbon neutrality are expected to save Californians $200 billion in health costs from pollution by 2045.
• We’re part of climate partnerships across the United States and around the world.

Governor Newsom is also advancing environmental justice. This includes protecting Californians from harmful pollution and building climate resilience in disadvantaged communities.