Crossposted on Orange County Register Remember Jesse James Hollywood? He is serving a life sentence (without the possibility of parole) for the kidnapping and murder
The California electorate next month will vote on Proposition 23,
which would suspend the implementation of the state’s global warming
(i.e., energy taxation) law ("AB32?) until the unemployment rate
reaches 5.5 percent for four consecutive quarters. My new paper on the
employment effects of this initiative can be found here.
In a nutshell: Based upon official estimates of the reduction in
state energy use attendant upon implementation of AB32, Proposition 23
would increase California employment by over half a million in 2012,
and over 1.3 million in 2020. (Total employment in 2009 was about 16.2
million.)