A 12 cent tax and now a carbon tax hike of around 60 cents more a gallon to achieve....nothing (.008 degreee drop in temp over 80 years). That is why "carbon leak" will drive more away...foolish, pointless policy and taxation to no end...marvelous.
California is handling climate change all wrong
But, while Brown should be commended for showing leadership where Trump has not, the truth is that California?s plans for fulfilling the Paris accord and its carbon-cutting commitments will be expensive for the state while achieving slightly more than nothing for the planet.
At the moment, California?s greenhouse gas emissions account for less than 1% of global emissions, and a little less than 7% of U.S. emissions. The state now plans to cut its emissions by the equivalent of 181.5 million tons of carbon dioxide by 2030 ? to 40% below its 1990 levels.
Although this is a much bigger cut than California achieved with its 2006 climate change legislation, it?s still nowhere near enough to have a meaningful effect on global warming overall. Even
if California succeeds in making the new cuts and sticks to them for the rest of the century, according to calculations using a standard model of the U.N. Climate Panel, they will amount to a difference of .008 degrees Fahrenheit (.0044 degrees Celsius) ? a minuscule drop in the bucket of the cuts needed in order to limit total global warming to no more than 2 degrees Celsius, the number climate activists have identified as a dangerous tipping point.
And there?s a
big caveat to this small achievement. When limitations are placed on major emitters in one geographical location, the emitters often move to locations with lighter regulatory regimes, bringing their emissions along with them, in a process known as ?carbon leakage.? One study published in the Review of Economics and Statistics found that around 40% of the carbon savings that resulted from the Kyoto Protocol was lost to leakage. Much of the emissions that are cut in California could turn up elsewhere. Indeed, one simulation suggests that practically all of California?s cuts would be lost to carbon leakage.
What?s more,
California?s official estimates put the cost of its climate change policy at $13 billion to $22.5 billion a year ? and such estimates often prove to be optimistic. The European Union, one of few entities that has attempted cuts of this magnitude, underestimated the cost of its emissions reduction policy by as much as 100%. (Mexico is likely to have underestimated its climate policy costs by even more.) If California can expect to lose a similar percentage of its GDP, the annual cost would come to about $50 billion. With the state?s promises to reduce emissions by 80% before 2050, these costs would go up even more ? and have little to no effect on the environment.
Most Californians will feel these costs in the form of higher gasoline and electricity prices. But the real reason carbon cuts are so expensive is they require the economy to shift from low-cost fossil fuels to more pricey, often less efficient green energy. People like to claim that green energy is already competitive. This is far from true. For instance, when solar energy is produced, it is all produced at the same time ? when the sun shines. The energy thus floods the market and becomes less valuable. Models show that when solar makes up 15% of the market, the value of its electricity is halved. In California, when solar reaches 30% of the market, its value drops by more than two-thirds.
http://www.latimes.com/opinion/op-ed/la-oe-lomborg-california-climate-change-paris-accord-cap-and-trade-20170720-story.html
