They headline it as A Grand Experiment to Rein In Climate Change
Such audits will be crucial as California embarks on its grand experiment in reining in climate change. On Jan. 1, it will become the first state in the nation to charge industries across the economy for the greenhouse gases they emit. Under the system, known as “cap and trade,†the state will set an overall ceiling on those emissions and assign allowable emission amounts for individual polluters. A portion of these so-called allowances will be allocated to utilities, manufacturers and others; the remainder will be auctioned off.
Over time, the number of allowances issued by the state will be reduced, which should force a reduction in emissions. (snip)
The outsize goals of California’s new law, known as A.B. 32, are to lower California’s emissions to what they were in 1990 by 2020 — a reduction of roughly 30 percent — and, more broadly, to show that the system works and can be replicated.
The risks for California are enormous. Opponents and supporters alike worry that the program could hurt the state’s fragile economy by driving out refineries, cement makers, glass factories and other businesses. Some are concerned that companies will find a way to outmaneuver the system, causing the state to fall short of its emission reduction targets.
“The worst possible thing to happen is if it fails,†said Robert N. Stavins, a Harvard economist.
I just have to wonder how wise it is to attempt an “experiment” in California, the world’s 8th largest economy (2011) if compared to the nations of the world. The worst possible thing is to experiment in a state with an economy that is already close to Greece’s, and these globull warming regulations will push the economy further down the road to insolvency, raise consumer costs, reduce available power in a state which already has problems, push even more companies to leave for greener pastures (tons have already moved to Arizona and Texas), all for a mostly fake issue, and we know it’s fake because most Warmists won’t practice what they preach.
Carbon markets around the world have collapsed, seeing the price of carbon become almost non-existent, and there has been massive fraud and graft in said markets. On the bright side, perhaps the economy of California will collapse so much that the already insanely high prices will become reasonable. On the flip side, when the economy of California collapses, elected officials will want it bailed out.
Note to companies in California, Lousiana desires your business and will do anything to get it.
Cali has always led the way forward. That is part of the reason that they are the 8th largest world economy. As for Louisiana well some state has to be at the end of the sewer line that the Mississippi River has become.
Cali per capita income is about 50,000 and Louisiana is about 30, 000 dollars.
John, the average adjusted income to CA. is $31459, and the state ranks 44th as the worst place to live for cost http://economy.blog.ocregister.com/2012/03/20/california-7th-worst-to-make-a-living/105992/
Louisiana is 28th at $35k
um……yea……Kalifornia, comrade.
I guess they didnt get the memo.
http://www.dailymail.co.uk/sciencetech/article-2217286/Global-warming-stopped-16-years-ago-reveals-Met-Office-report-quietly-released–chart-prove-it.html
headline
“Global warming stopped 16 years ago, reveals Met Office report quietly released… and here is the chart to prove it
The figures reveal that from the beginning of 1997 until August 2012 there was no discernible rise in aggregate global temperatures
This means that the ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996”
Snip
“The world stopped getting warmer almost 16 years ago, according to new data released last week.
The figures, which have triggered debate among climate scientists, reveal that from the beginning of 1997 until August 2012, there was no discernible rise in aggregate global temperatures.
This means that the ‘plateau’ or ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996. Before that, temperatures had been stable or declining for about 40 years.”
Yeah, but, madness, see, the time period isn’t long enough, even though that’s the same period that the world was in a serious rising warm period, after 30 years of cooling, and, that study of actual temperature stations is probably funded by the Koch brothers and Big Oil and Coal, and, hey, you probably believe the world is only 6,000 years old, and, you probably hate the earth and animals and stuff, and….and I can’t keep up with the Warmist talking points, because we all know they will discount this study using actual raw data.
Hey, if they want to try and change the world’s climate, I wish them all the luck in the world. It will take it. However, we don’t have to subsidize them.
And, doesn’t it strike anyone as odd that a coastal state that experiences two major ocean currents and multiples of atmospheric-based weather events all on one day, is attempting to change the global CO2 and atmospheric carbon levels through taxation upon its remaining businesses??
And, the only reason, if so, CA is still the 8th largest economy, is because the rest of the world’s economies have also been decimated over last 4 years.
If they wish to decimate their own economy through a socialist-wet dream about increased taxation and welfare… they can go right ahead.
I’m waiting for them to enact a tax policy for those companies trying to leave.