Gino DiCaro

Urge CARB to fix cap-and-trade to avoid billions in new costs

By Gino DiCaro, VP, Communications

Capitol Update, Sept. 14, 2012 Share this on FacebookTweet thisEmail this to a friend

Unless they fix major flaws in the program, the California Air Resources Board (CARB) will impose billions in new costs on manufacturers, hurting the economy and jobs.

CARB is planning to auction greenhouse gas emission (GHG) allowances November 14, requiring California businesses and employers to spend billions of dollars for the right to continue operating in the state.

On September 20, the CARB board could decide to give California businesses some degree of protection – called transition assistance – by increasing the number of free allowances distributed to energy-intensive businesses like refiners, food processers and other industries regulated by the new cap and trade program.  Providing more free allowances will reduce the cost of the cap-and-trade program on California’s businesses, protecting the state’s economy and jobs.

The non-partisan Legislative Analyst’s Office has confirmed that providing increased free allowances will NOT impact California’s ability to meet GHG emission targets established by AB 32.  It WILL protect our economy without compromising our important environmental goals.

You can sign the letter here

The twitter hashtag that we, along with many others in the employer community, are using for the CARB hearing is: #capandpay

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