The AB 32 Implementation Group, a coalition of employers and taxpayer groups advocating for policies to achieve greenhouse gas emission reductions in a manner that will protect jobs and the economy, is gravely concerned that California is not adequately protecting its industries and jobs as it moves ahead with an economy-wide cap-and-trade program with none of our neighboring states participating. Additionally, the Governor has recently announced that he is eyeing funds generated from the program to fund other projects in the state.
Although cap-and-trade has the potential to benefit the real estate industry by creating a market to fund energy efficiency projects, the way California is going about designing the program, the fact that there are not any other states joining in the program to trade with, and the fact that we are siphoning generated funds for other purposes, is an unfortunate recipe for failure.
Click here to learn more about what is happening with AB 32.
Read Similar Post on This Topic
What Do You Think. Please Leave a Comment.
There are no comments yet, please leave one.