I will be doing an extended critique of the Ca Air Resources Board (CARB) "Draft Scoping Plan" for fighting the phantom menace of global warming.
CARB claims that their proposed regs will provide net benefits to the economy, a claim I find ridiculous on its face as a letter to the LA Times expresses. A true cost benefit of any regulations like they are proposing will certainly have costs outweighing benefits, especially since the costs are imposed on the private sector. And what might be the benefit of such regulations? I, of course, believe there will be zero benefit, except to lawyers, regulators and eco-fascists. But, just for the hell of it, let's see what CARB thinks will be the benefits in its initial study (they will be releasing more info, including hard data, to support their outlandish contentions over the summer (while it's hot--surprise!):
- Job creation in the emerging "greentech" industry (p. 50)
- Other economic benefits from the "greentech" industry similar to what occurred with the computer industry (p. 50)
- "Fuel diversity"--p. 50
- Influencing "the regional and national debate about how to address climate change."--p.50
- "Reduce statewide NOx, VOC and PM emissions" - p.51
- "The impact of the Scoping Plan measures on the state economy is likely to be overall positive, but very small relative to expected growth." (emphasis mine)--p. 51
- "These estimates indicated that the overall savings from improved efficiency and developing alternatives to petroleum will on the whole outweigh the costs." -p 52
- "...any costs associated with the introduction of greenhouse gas reduction policies will have relatively little impact on continued economic growth."--p. 53
- Increased energy costs will be offset by more energy efficient cars and homes p.53
- "...vehicle greenhouse gas standards increase the efficiency of cars and trucks, the fuel savings put money directly into consumers' hands to spend on additional goods and services--causing increased economic activity in California." p. 53-54
- "...taking action sooner rather than later..." will increase benefits and decrease costs--p. 54
- Regulation "will generate investments in climate change emissions reductions..."- p. 54, "creates new businesses and new jobs"--p. 55
- "Much of the economic benefits of greenhouse gas emission reductions is from reduced spending on energy."--p. 54
- "Sucessful California-based providers of energy efficiency technologies can capture a share of that rapidly growing export market, estimated at 170 billion."--p. 55
- "Between 1990 and 2006, California green technology businesses grew 84 percent, adding more than 10,000 jobs to the economy."--p.55
- "Where applicable and to the extent feasible, ARB will direct public and private investment toward the most disadvantaged communities in our implementation of the climate change program."--p.55
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