Global Implications of Greenhouse Gas Bill

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(Sacramento, CA)
Monday, September 11, 2006

Stephan Kroll is a Sacramento State Professor who specializes in environmental economics.  He says the bill – which sets an emissions cap, and allows businesses to buy and sell emissions credits – may spur innovation that wouldn’t otherwise happen – and not just here:

“The biggest state of the United States is going to do something about global climate change – that must have an effect on federal policies and policies in other states at some point , and that effect that could make this entire endeavor worthwhile.”

Kroll says it remains to be seen whether California’s cap will have a *direct* impact on climate change….he says he does expect a direct economic impact, arguing it’s likely businesses would pass any costs along to consumers.   Businesses groups have claimed the cap would force companies out-of-state.