Professors warn emissions law is expensive

July 13, 2009 7:37:08 PM PDT
Business professors at Sacramento State University have calculated the cost of California's global warming law, aimed at reducing greenhouse gas emissions.

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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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