California Could Cash In On Climate Change Efforts

UC Berkeley report finds that efforts to meet meet Gov. Arnold Schwarzenegger's global warming emissions targets could reap $60 billion in economic benefits.

Published: 25-Jan-2006

California's effort to fight global warming may seem quixotic, but it could make the state some real money — like $60billion, according to a new analysis by University of California, Berkeley, researchers.

A team of more than 20 experts found the effort to meet Gov. Arnold Schwarzenegger's global warming emissions targets could reap considerable economic advantages.

Those gains would come from a variety of avenues but would be largely because of the benefits of having California take the lead on efforts to reduce so-called "greenhouse gases."

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