“With a 12% unemployment rate it is irresponsible to ignore the adverse economic impacts of the haircut by continuing to move forward with this egregious tax proposal.”
-California Chamber of Commerce, Comment Letter to CARB, 9/27/11
“If California’s carbon-intensive trade-exposed industries face carbon costs not born by competitors outside the state, production and its associated emissions could shift from California to other regions. If this occurs, emissions outside the state would increase, thus leading to leakage of both emissions and the associated economic activity.”
-Robert N. Stavins, Todd Schatzki, The Analysis Group, Comment Letter to CARB 8/29/11
