The economic harms of carbon cap-and-trade policies are so well established that even a state as reliably leftist as California has never been able to pass a plan through their legislature. Instead, environmentalists in the Golden State have relied on the California Air Resources Board (CARB), whose appointed governing board is democratically unaccountable, to develop and impose carbon regulations by bureaucratic fiat. And this past December, much to the delight of many environmentalists, CARB passed the first carbon cap-and-trade scheme in the United States. Everything looked ready to go … …
When an environmental law or regulation passes in California, it usually comes as a surprise to no one. After all, it’s California. So when the California Air Resources Board unanimously approved regulations to reduce diesel emissions—despite opposition from the trucking industry—most thought of it as “California being California.” Now California may significantly reduce the regulations, because scientists drastically exaggerated the diesel emission levels from off-road machinery. The San Francisco Chronicle reports:
This November, along with a host of anxious politicians, California’s own greenhouse gas law, AB 32, will be on the ballot. Those worried about the law’s potential economic consequences are pushing Proposition 23 that calls for freezing provisions of AB 32 until California’s unemployment rate drops to 5.5% or below for four consecutive quarters. Serious questions about apocalyptic global warming aside, one would expect California’s horrendous unemployment rate of 12.3% and the state’s near bankrupt status, to deter the golden – or rather green – state’s aggressive emissions regulatory agenda …
The old adage, “As goes California, so goes the nation,” could foreshadow troubling years ahead when it comes to economic prosperity in the United States. And if the California Air Resources Board (CARB) moves forward with implementing costly regulations to reduce carbon dioxide and greenhouse gas emissions, it could serve as a precursor to what the U.S., specifically small businesses and American families, will face under a nationwide cap and trade program. The Global Warming Solutions Act, also known as AB32, is a plan to reduce greenhouse gas emissions in …
