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.
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.
Read more: California carbon cap bill good for economy too
