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Report says carbon reductions will cost $100 to $500 billionPosted by Jack Stewart, on July 17, 2007
Here's an excerpt from the press release:
"Depending on how
Reaching the environmental and economic goals of AB 32 will be a challenge for consumers, employees and employers in California. It is vital that we minimize costs through rational regulations and a cap and trade system that encourages businesses to achieve least cost reductions. Without low cost alternatives, California businesses will be less competitive in global markets, consumers will have fewer choices to buy California-made products, and emissions will rise in other states and countries where products can be made cheaper. No environmental purpose will be met by that strategy.
Tags: AB 32
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