Stalling AB 32 could hurt California markets
AB32, which seeks to reduce GHGs, would create clean technology and clean energy markets in California. On November 2, the vote on Prop 23 could stall AB32 until the state unemployment rate lowers to 5.5 percent. If AB32 is delayed, the jobs and innovations provided by these new industries may move overseas.
AB32 would provide certainty on carbon prices to allow businesses to incorporate them into their future models. Cleantech, a green energy firm in California has already invested in wind farms that would cut down on GHGs while potentially providing stability to power grids in the Mid-Atlantic region.