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  • Global warming cap can stimulate CA economy, report says (Junk Economics alert)

    08/16/2006 2:50:11 PM PDT · by calcowgirl · 20 replies · 418+ views
    UC Berkeley ^ | 16 August 2006
    BERKELEY – A new University of California, Berkeley, report to be delivered to state legislators today (Wednesday, Aug. 16) finds that returning California greenhouse gas emissions to 1990 levels by 2020, as envisioned by pending global warming legislation, can boost the annual Gross State Product (GSP) by $60 billion and create 17,000 new jobs by 2020. The report, "Economic Growth and Greenhouse Gas Mitigation in California," offers an independent assessment of the economic benefits of Assembly Bill 32 (AB 32), The Global Warming Solutions Act, sponsored by Assemblyman Fabian Nuñez (D-Los Angeles) and Assemblywoman Fran Pavley (D-Agoura Hills). The study...