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AB 32 Will Lead To Job Growth, Energy Savings, and Rises In Personal Income--Santa Claus is Real too.

...so is the Tooth Fairy and the Easter Bunny in the make believe world of Mary Nichols. While many credible economists have shown that CARB and AB32 are hurting the economy of California, those reports did not suit Mary. So she went to the same brain trust where she found Hien Tran--The CARB staff.  Not surprising, the collection of not-qualified-for-real-jobs-so-we-have-to-work-for-CARB staffers found that contrary to loosing nearly half a million jobs in the state, we will gain Jobs!  Not only that, we are going to pay less for energy and get more money in our pockets. Mary was so pleased that she sent out a news release and then kissed a frog that turned into a handsome prince.

(click image below for truth)               
AIR RESOURCES BOARD HAS GONE OVERBOARD CLAIMING GLOBAL WARMING LAW CREATES MORE JOBS THAN IT COSTSPursuing AB 32 reductions will benefits state's economy.
Release 10-28
FOR IMMEDIATE RELEASE
March 24, 2010

Stanley Young
916-322-1309 desk
916-956-9409 cell
www.arb.ca.gov

AB 32 Will Lead To Job Growth, Energy Savings, and Rises In
Personal Income

SACRAMENTO — The California Air Resources Board released an
updated economic analysis today that forecasts robust economic
growth as the state continues implementing AB 32, focusing
primarily on energy efficiency and fuel diversification
measures.

“This analysis confirms what economists have been saying all
along: that full implementation of the Scoping Plan is the right
choice for California to make an affordable transition to a clean
energy economy,” said ARB Chairman Mary D. Nichols. “It supports
continued economic growth and sets us on a course for greater
energy security and less dependence on petroleum.”

The analysis shows the following key findings:

•    Fuel expenditures drop by 4.9 percent in 2020, with a total
cost savings of $3.8 billion in reduced consumption of gasoline
and diesel, as a result of increased investment in energy
efficiency and cleaner fuels.

•    Two million jobs will be created by 2020, the result of a
sustained growth in labor demand of .9 percent each year, which
is consistent with the business-as-usual case.

•    The economy, including personal income, will continue to
grow at a rate of 2.4 percent per year.

•    Offsets in a cap-and-trade program help to reduce costs.

•    Divergence from the AB 32 Scoping Plan (i.e. limiting
requirements for oil companies or utilities), increases costs and
shifts them to Californians and small businesses.

The updated economic analysis was carefully reviewed by the
16-member Economic and Allocation Advisory Committee (EAAC), an
independent panel of policy, business and economic experts
established last May. The EAAC advised ARB staff during the
analysis and also contributed its own peer review of the analysis
which appears as an appendix to the final report.

Economic analyses are conducted to show the impacts of making
different policy choices in order to identify possible risks and
to provide insights into which aspects of the program are most
cost-effective.

The full report will be posted at www.arb.ca.gov. For more
information on the EAAC, go to
www.climatechange.ca.gov/eaac/index.html.

On Thursday, March 25, 2010 members of the ARB will hear
presentations from staff and the EAAC on the updated economic
analysis. In April, ARB will hold a public meeting that will
allow interested parties to participate in a panel discussion of
ARB’s and other economic analyses of AB 32 implementation.