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Economic Impact Of California Greenhouse Gas Emissions Reduction Plan, Charles Edward Doering
Economic Impact Of California Greenhouse Gas Emissions Reduction Plan, Charles Edward Doering
Charles Edward Doering
ABSTRACT The California Global Warming Solutions Act of 2006 requires greenhouse gas emissions to be reduced to 1990 levels by 2020, and designates the Air Resources Board as lead agency of the program. The agency developed a Scoping Plan outlining 40 measures mandating: (a) increased energy efficiency in vehicles, buildings and appliances, (b) greater reliance on renewable electric generation, (c) enhanced industry operational efficiencies, (d) methane capture, and (e) an emissions cap-and-trade program. The agency projects the measures to generate these benefits: (a) a positive net cost/benefit of $16.1 billion, (b) increased economic output of $33 billion, (c) gross state …