Oh No! -- CBO Carbon limits will raise jobless rate.

Russ Steele

Report is by Simon Lomax at Business Week

U.S. limits on carbon dioxide and other greenhouse gases that scientists have linked to climate change would raise the unemployment rate, the Congressional Budget Office said today.

If greenhouse gas limits were imposed on U.S. industry, “total employment during the next few decades would be slightly lower than would be the case in the absence of such policies,” the CBO said today in a report.

Exit Question:  If carbon limit will raise the jobless rate across the nation, can we assume that full implementation of AB32 Global Warming Solutions Act will do the same in California? What do you think?