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Originally Posted by Ustwo
.... can you advocate expensive action, which even the proponents of human caused global warming say will make NO difference just so some people can feel good and THINK they are helping the environment? Action with no hope of results is just assinine.
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The Univ of California released a study earlier this year of the economic impact of the global warming bill signed into law by Gov. Schwarzenegger earlier this week:
A new UC Berkeley report finds that returning California global warming emissions to 1990 levels by 2020, as envisioned by pending global warming legislation, can boost the annual Gross State Product (GSP) by $60 billion and create 17,000 new jobs by 2020.
The report, "Economic Growth and Greenhouse Gas Mitigation in California," offers an independent assessment of the economic benefits of Assembly Bill 32 (AB 32), The Global Warming Solutions Act, sponsored by Assemblyman Fabian Nuñez (D-Los Angeles) and Assemblywoman Fran Pavley (D-Agoura Hills).
The study finds that the gains could be even larger—$74 billion in annual GSP and 89,000 new jobs by 2020—if climate policies are designed to create direct incentives for California companies to invest in new technology.
"Our study demonstrates that meeting the 2020 limits under debate in Sacramento can stimulate the state economy," said David Roland-Holst, UC Berkeley adjunct professor of agricultural and resource economics and author of the report. "Climate action can be profitable."
http://www.climatechoices.org/site/s...erkeley_Report
I have not read the full report and I doubt that I would have the expertise to to critiique it after reading it.
I am sure many will "debunk" it; I would only hope they do so with credible and verifiable arguments of their own.