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Monday, January 23, 2006
New report says climate
action promotes economic growth in the state of California
George Bush thinks
differently.
BERKELEY
– A team of two dozen prominent experts led by professors from the University of
California, Berkeley, released a new report today (Monday, Jan. 23) on the
economic implications of meeting global warming emissions reduction targets
established by Gov. Arnold Schwarzenegger in 2005.
The governor's goals include
reducing greenhouse gas (GHG) emissions to 2000 levels by the year 2010, and to
1990 levels by 2020.
"Managing Greenhouse Gas
Emissions in California," the first report in a series of economic and
technology assessments, finds that just eight policy strategies can take
California halfway to the governor's 2020 targets, while increasing the Gross
State Product by approximately $60 billion and creating more than 20,000 new
jobs.
"Our study demonstrates that
taking action to reduce global warming emissions in California is good for the
California economy," said Michael Hanemann, UC Berkeley professor of
agricultural and resource economics and co-author of the report. "Our research
indicates that not only does climate action pay, but early climate action pays
more."
"Our model is designed to
capture the economy-wide implications of policies," said David Roland-Holst, UC
Berkeley adjunct professor of agricultural and resource economics and report
co-author. "The climate action strategies benefit California economically
because innovation and efficiency save money for California consumers, who
re-direct their spending in ways that stimulate in-state job growth."
The report also analyzed the
economic impacts of taking the lead in adopting policies to reduce GHG
emissions. It concludes that "just as Silicon Valley gained economically from
being the leader in the Internet revolution, so, too, will California gain an
economic advantage from being the leader in the new technologies and the new
industries that will come into existence worldwide around the common goal of
reducing GHG emissions."
"Our analysis reveals the power
and promise of taking early initiative," concluded Alex Farrell, assistant
professor at UC Berkeley's Energy and Resources Group and co-author of the
report. "By acting sooner, California benefits more quickly from faster economic
growth and improves its competitive position in a global market increasingly
focused on climate action."
http://www.berkeley.edu/news/media/releases/2006/01/23_climate.shtml
The full report is available at:
http://calclimate.berkeley.edu/managing_GHGs_in_CA.html
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