Professors warn emissions law is expensive

July 13, 2009 10:13:25 PM PDT
Business professors at Sacramento State University have calculated the cost of California's global warming law, aimed at reducing greenhouse gas emissions. Their report says it will cost the state's economy $180 billion a year and more than 1 million jobs when fully implemented in 2020.

The professors say the California Air Resources Board, which will oversee the law, is underestimating costs and overestimating benefits.

A lawmaker who helped write the legislation says the board will do an in-depth cost analysis, but the equation has to include the cost of doing nothing.

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