California carbon cap bill good for economy too

As California's widely supported Global Warming Solutions Act, gets set to pass this summer, a new University of California study finds that the new Act could create as many as 17,000 new jobs.

Author of the report, David Roland-Holst, concludes:

“Our study demonstrates that meeting the 2020 [green-house gas] limits under debate in Sacramento can stimulate the state economy… Climate action can be profitable.”

The report also finds that the annual Gross State Product (GSP) could see a $60 billion increase as California aggressively moves on its proposed new carbon emissions cap program.

It is also refreshing to note that author directly reports that the funding for his research was due in part to the generosity of the non-profit Energy Foundation, a consortium pushing for renewable energy solutions. This kind of disclosure provides the context the public needs when reading such papers and judging the validity of the claims made.

Would be great if the small group of fringe scientists and “think” tank experts who still deny that global warming is a problem followed suit and stamped “paid by ExxonMobil” on their studies.