Global Warming Good For Rural Counties
California’s Global Warming Solutions Act may be a financial boon for cash strapped rural counties.
Monday, January 8, 2007
Central in the climate
change law is a cap on the amount of green house gasses an energy user can emit
into the atmosphere. If a company
exceeds the cap, they can offset the balance by purchasing credits from areas
like forests and grasslands that absorb carbon dioxide. Steve Frisch of the Sierra Business Council
says the program is perfect for heavily wooded counties.
What they provide as a benefit for clean air can
really be turned into cash. And if you
can do that, you can provide a revenue stream in the rural areas they haven’t
seen in the resource industries in years.
Frisch estimates that
communities hard hit by the decline of logging could earn millions in
additional revenue. Plumas County has already signed on, and other governments and lumber companies are
expected to follow. The California Air Resources Board begins deliberations
this month on how to best implement the ground breaking law.
Brian Bahouth KXJZ News.