College Students to Get Nasty Lesson in Global Warming Economics
08/23/2012 6 Comments
Fox and Hounds Daily Report has the details in an article by State Senator Bob Dutton HERE. California Universities will soon have to reduce CO2 emissions, or buy carbon credits. Who is going to pay for those carbon credits — Students and the parents of Students.
This week yet another effect of California’s lone attempt to save the world from global warming has come to light – a growing number of California’s colleges and universities will be forced to enter the mad marketplace of carbon credits to offset the greenhouse gases produced on their campuses.
Because a market doesn’t yet exist for carbon credits, no one in California state government can say with certainty what the costs to our universities will be, except that it will be hundreds of millions of dollars system-wide.
Not only do incoming university students—or their parents–have tuition increases, fee increases, more years in school to complete their degrees to look forward to, now they will get the pleasure of paying one way or another for carbon offsets or costly emissions reductions.
There may be one consolation – at least the professors and students who’ve clamored for tougher climate control measures will get a real lesson in the economics of environmental edicts.
Local bloggers in Nevada County tried to warn the electorate that the cost of AB32 was going to hit their pocketbooks, but the opposition to Prop 23 claimed it would only be those nasty oil companies and cement companies that would have to pay for carbon credits. Now for the reality check. If you think college was expensive before carbon credits, you are about to get real “lesson in the economics of environmental edicts.”