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Stop Global Warming and Get Rich Too? Only in California
California legislators really do seem to be poised to pass the modestly named Global Warming Solutions Act, which would require the state to bring greenhouse gas emissions back to 1990 levels (and how sad that that's an ambitious idea). The Assembly has signed off and the Senate is expected to by midnight today; Arnold is on board. No doubt there's a downside to this somewhere, but until we find it, it looks a lot like saving our species from extinction comes with an economic bonus: A new University of California-Berkeley study finds that going back to 1990 emission levels would boost the annual Gross State Product (GSP) by $74 billion and create 89,000 new jobs by 2020.
Posted by Monika Bauerlein on 08/31/06 at 12:55 AM | E-mail | Print
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I’m confused with the “tone” of this posting. One of the undercurrents of the environmental movement’s message is that the economic changes required to “fight” global warming WON’T make us poorer. Smaller cars, a few less corn fed cows a week, the windmill and solar-panel industry replaces Exxon, and your average fat dumb `merican won’t notice a thing; other than a shrinking waistline and the happiness of riding packed busses in large groups just like the European we all worship on our limousine liberal trips to south France (where I’ll be next month). Are you saying we should be expecting to “suffer poorness” in order to “fight” global warning? That’s going to be a hard sell.
Posted by: John on 08/31/06 at 8:57 AM