Via
Reuters
LOS ANGELES (Reuters) – California’s landmark legislation to cut carbon dioxide emissions to 1990 levels by 2020 will help the state’s economy in the long run, according to a report by the state agency charged with implementing the cuts.
A macroeconomic analysis of a California Air Resources Board (CARB) proposed plan to implement the emission cuts estimates that in 2020 the state’s productivity will be increased $27 billion over what would be realized if the state doesn’t cut its polluting ways.
Also, California going green will mean 100,000 more jobs in 12 years than today and an increase in per capita income by $200 a year.
Mary Nichols, chairwoman of the CARB, said the current crisis on Wall Street shouldn’t effect California’s ambitious plans because energy efficiency and other “green” goals will help most businesses’ bottom lines, even if those benefits come years after up-front costs.
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