California’s Global Warming Policy is Not One to Follow

Nicolas Loris / July 14, 2009

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 California to 1990 levels by 2020, and by 80 percent by 2050. Since 85 percent of America’s energy needs come from carbon-emitting fossil fuels, the regulations imposed equate to a massive tax on energy consumption if enacted. (more…)