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Sinopsis

Los Angeles is fast-tracking its green energy plan. The City Council approved a plan for 100% renewable energy by 2035. That’s inline with President Biden’s goal, and a decade sooner than LA’s previous plan. The City Council decision comes after a comprehensive study that looked at everything from greenhouse gas emissions, public health, and cost versus benefit analysis to electricity demand, rooftop solar, and other renewable energy options. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. LA hopes to “set the stage for the country” and the rest of the world with LA100. (1) The transition would create about 9,500 clean energy jobs and cost between 57 and $87 billion, but according to LADWP General Manager Martin Adams, much of the investment would also coincide with infrastructure replacement that is already on the city’s “to do” list. He says: “When this study started three-and-a-half years ago… the idea was to be where we want