Consider cost while cleaning air
- Share via
Re “Cap-and-trade rules,” editorial, Oct. 1
Your editorial regarding using markets to reduce greenhouse emissions was right, in that the state does need to develop well-designed markets.
But the Los Angeles Department of Water and Power has estimated that the so-called auctions program championed in the editorial would increase electricity costs by $700 million for its customers.
Further, the auctions system would impose billions of dollars in hidden taxes on California’s existing businesses, which could drive jobs and business out of the state.
The suggestion to limit offsets is also counterproductive because offsets, which are recognized in the Kyoto Protocol, would reliably reduce greenhouse-gas emissions while saving consumers billions of dollars and saving 300,000 jobs.
Before embracing auctions or discouraging the use of offsets, we should seriously consider minimizing the costs of achieving greenhouse-gas reductions -- especially in this economy.
Shelly Sullivan
Sacramento
The writer is executive director of the AB 32 Implementation Group.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.