Clearing Up the Misconceptions About California's Climate Law

via internet business politics

Even though voters turned out in force to reject the oil company-led effort to repeal California's pioneering climate law, many folks still don't know exactly how it works. There are a bunch of misconceptions lingering in the air, and thankfully, GreenBiz has gone to considerable lengths to clear 10 of the most common ones up. Here's a snippet:

Q4: ... isn't this going to kill jobs and hurt California's already struggling economy?

A: Quite the opposite. Clean energy is the fastest growing sector of California's economy, growing 10% since 2005. Clean energy policies like cap-and-trade send a steady signal to the market that California is the place to invest in innovative new businesses that bring jobs to the state. So far, that signal has been working: California annually attracts more cleantech investment capital than the rest of North America combined and has brought in $11 billion since AB 32 passed in 2006, creating thousands of businesses and jobs in its wake. By placing a price on carbon, this newly adopted market will maintain California's competitive advantage in the global push for clean energy.

To have all the misconceptions debunked, see Green Biz.

Clearing Up the Misconceptions About California's Climate Law
Even though voters turned out in force to reject the oil company-led effort to repeal California's pioneering climate law, many folks still don't know exactly how it works. There are a bunch of misconceptions lingering in the air, and thankfully,

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