"The positive impacts [of implementation] are largely attributable to savings that result from reductions in expenditures on energy. These savings translate into increased consumer spending on goods and services other than energy."This makes no sense. Spending on energy and spending on "goods and services other than energy" are the same thing when you are talking about GSP (gross state product). It is inconceivable that an actual economist wrote this sentence.
Thursday, September 18, 2008
CARB Part 4
From page 12 of the CARB Economic analysis of AB 32 implementation:
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