A new report delivered to state legislators and led by ARE Professor David Roland-Host says that returning California greenhouse gas emissions to 1990 levels by 2020, as envisioned by pending global warming legislation, could significantly stimulate the state economy.
The legislation could boost the annual Gross State Product by $60 billion and create 17,000 new jobs, the report says. And if the law spurs policies that specifically promote new technologies, the payoff would be even bigger.
But as the SF Chronicle reports, businesses are divided over warming bill's bottom line. The article discusses the UC Berkeley Study and quotes Roland-Host and ERG Professor Alex Farrell. Another story appeared in the San Jose Mercury News.
Read more about the report:
Press Release
Global warming cap can stimulate CA economy
Full report
Economic Growth and Greenhouse Gas Mitigation in California