California’s climate fight could be painful — especially on job and income growth
By Ralph Vartabdian
Californians are likely to pay more for gasoline, electricity, food and new homes — and to feel their lives jolted in myriad other ways — because their state broadly expanded its war on climate change this summer.
The ambitious new goals will require complex regulations on an unprecedented scale, but were approved in Sacramento without a study of possible economic repercussions.
Some of the nation’s top energy, housing and business experts say the effort may not only raise the cost of Staples, but also slow the pace of job and income growth for millions of California families. . .
“It is dubious as to whether the California goal will be achieved without large economic costs,” said James Sweeney, director of Stanford University’s Precourt Energy Efficiency Center.
He added that the enhanced climate change fight will likely lead to a less diversified and more fragile state economy. “Meeting the requirement will require severe restrictions, far beyond those seen to date.”
Exactly what restrictions are not clear, because the rules have yet to be adopted.
misterphillip said: Article has no information in it...sounds like Fake News to me. Here in Florida...price of Gas since Trump has gone up 40 Cents per gallon...no new taxes. Trump has not taken the office yet. Care to share your time machine with us?
This is not about the climate, planet, whales, etc. it's about states getting more revenue via taxes to pay for infrastructure boon-doggles. They can spin it to the low information, fake news loving, "Facebook and Reddit is my news source" crowd all they want. The truly informed knows what's up here.
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