Last Tuesday, Governor Schwarzenegger issued an executive order that vetoed the California climate bill and replaced it with one of his own design. The vetoed bill contained a strict clause that would prevent out-of-state clean electricity, like the booming solar industry of Nevada, from competing with California companies. Schwarzenegger's replacement legislation is intended to allow free access to the California energy market, which leaves some worried about how California will be able to compete with electric companies in less regulated markets.

As the news of GENEVA (Reuters), the investors are betting on the renewable or clean energy. Meanwhile, the green themes are looking for healthy and sustainable returns. However, the road is full of hardships for the unwary.

One of the most noticeable of Gov. Arnold Schwarzenegger¡¯s executive order on Tuesday increasing California¡¯s renewable energy needs was his blunt stand against protectionism. Clean energy imported from other states was welcome, the governor said, to keep down electricity prices.

California Governor Arnold Schwarzenegger a bill requiring the state to get a veto-thirds of its electricity from solar, Wind and other renewable energy sources, the staff, said Monday in a fight that quickly displays the difficulties in tackling climate change.

However, the Governor will introduce legislation on Tuesday, with the same problem goal, but different rules,? said the employee.

Schwarzenegger, whose legacy has fallen largely on driving behavior in California, maintains global warming law in the last hour of the legislature passed Friday, would be difficult to build solar plants in the State and the purchasing power of its neighbors.