State Analyst: On Cap & Trade Plan

Russ Steele

KQED Climate Watch writes that the LAO has approved CARB’s Cap and Trade Plan but wonders what happens after 2020 once they get to the 1990 levels of CO2 emissions? More regulations?  Business need to know.  You can read the full report HERE.

However this is the money quote in the story for an interview with Mark Newton of the Legislative Analyst’s Office.  [Emphasis Added]

The Air Board’s program does try to mitigate the impacts of cap and trade on California’s economy. ”There will still be adverse economic impacts, but it goes a reasonable way in trying to address some of those impacts,” said Newton. It does that by giving away a significant portion of the carbon allowances to the most affected businesses, to prevent them from relocating outside the state. It also sets up rules for how electric utility companies interact with the program to avoid ratepayers having to pick up the bill.

CARB is well aware that Cap and Trade will have an economic impact, and that some business will choose to leave the state.   Did you notice that CARB gets to pick and choose which companies get the free allowances and who does not. Government picking the winners and lossers again! How effective you you think a  program to save the businesses from moving will be when it is run by a bureaucratic government agency like CARB? Right!

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

2 Responses to State Analyst: On Cap & Trade Plan

  1. gjrebane says:

    Much more bad stuff coming down the socialist road at us. Thanks for keeping track of it for us Russ. gjr

  2. Sean says:

    I know this is not cap and trade but thought it was interesting and frightening. Apparently you don’t want to ever get a ticket in the golden state as a $20 fine for rolling through a stop sign will cost $236 when all the fees and other costs are added in. http://www.sacbee.com/2012/02/10/4253074/back-seat-driver-fees-stack-up.html When I first read this is sounded like a bad joke and perhaps it is but it is apparently what really happens.

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