Cutting greenhouse gas emissions will boost economy
Two independent analyses say an effort, opposed by business, to cut greenhouse gases could be beneficial for California's economy.
The state's ambitious plan to cut greenhouse gas emissions could create tens of thousands of new jobs and dramatically boost the economy in coming years, according to two new independent analyses.
The reports, one led by economists at UC Berkeley, the other by a Washington think tank that emphasizes market solutions to environmental problems, agree with a draft version of a state plan released earlier this month and reject concerns that curbing the gases that contribute to global warming would hurt the economy.
"It's basically a very good news story," said Ned Helme, president of the Center for Clean Air Policy, an environmental think tank based in Washington, D.C. "We found you could do this very cheaply."
The Berkeley report found that the cost savings on fuel and gas generated by curbing greenhouse gases would translate into more money for consumers and more jobs. In addition, they predicted that investment in technology to reduce greenhouse gases could pay off for the state in the way that investment in computer technology has paid off for Silicon Valley.
The Center for Clean Air Policy's report found that the state could meet its 2010 emissions reduction goals at no cost to consumers and that they would save money if the 2020 goals were met. The study described a number of cost-effective ways to cut emissions, including capturing methane from landfills and manure and using it to generate energy, and switching freight transport from diesel trucks to rail.
Last June, Gov. Arnold Schwarzenegger declared the debate on climate change over and directed a "Climate Action Team" made up of representatives from various state agencies to devise a plan to cut the state's greenhouse gas emissions to 2000 levels by 2010, to 1990 levels by 2020 and to 80% below 1990 levels by 2050.
California is one of the 10 largest economies in the world and the 12th-largest producer of greenhouse gases such as carbon dioxide, methane and nitrous oxide, which are byproducts of industry, agriculture and motor vehicle use. The state's draft report calls curbing these emissions "one of the most daunting challenges of our time."
Its emission reduction goals put California in the forefront of efforts to regulate greenhouse gases and years ahead of Bush administration plans, which reject regulation in favor of voluntary curbs by businesses. The state's 2050 targets are among the most stringent in the world.
A draft state plan to meet those goals has been of concern to some business and industry leaders locally who fear that economic growth could be compromised and that jobs may migrate to neighboring states with fewer regulations.
But Helme of the Center for Clean Air policy said the concerns were not warranted.
"People think anything we do is going to cost more," he said. "That's just not the case."
Continue reading this story from the Los Angeles Times:
Studies Support Emissions Plans
