Regardless of differences in opinion about approaches to combatting climate change, California decided in 2006 that the state would have a comprehensive greenhouse gas (GHG) reduction program. Now, nine years later, the AB 32 programs are beginning to take effect and having a financial impact. That impact is being felt by consumers in their electricity bills and there are strong indications that other cost increases will be coming soon.
The unexpected magnitude of the costs, coupled with the uncertainty about future economic impacts, demand greater evaluation of the costs that will be associated with any new climate change proposals (SB 350, SB 32, and the California Air Resources Board Scoping Plan). This is hardly a revolutionary approach – in fact, cost analysis is an approach the state should prioritize for all new policies – but proponents of new climate change proposals seem surprisingly blasé about their need.
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