• Fuel expenditures drop by 4.9 percent in 2020, with a total cost savings of $3.8 billion in reduced consumption of gasoline and diesel, as a result of increased investment in energy efficiency and cleaner fuels.
• Two million jobs will be created by 2020, the result of a sustained growth in labor demand of .9 percent each year, which is consistent with the business-as-usual case.
• The economy, including personal income, will continue to grow at a rate of 2.4 percent per year.
• Offsets in a cap-and-trade program help to reduce costs.
• Divergence from the AB 32 Scoping Plan (i.e. limiting requirements for oil companies or utilities), increases costs and shifts them to Californians and small businesses.
Makes you wonder why Meg Whitman, Republican frontrunner for governor and apparent tax-evader extraordinaire, opposes this visionary environmental legislation and is running on a platform of repeal.
