Recent news delivered two different verdicts on two different climate policy experiments, both of which carry lessons for California and its delayed carbon reduction plan. The first, a revenue-neutral carbon tax in British Columbia is “a winner.” So says The Economist. But the second, the Massachusetts front of President Obama’s green jobs initiative, is a failure. What else to conclude from this week’s bankruptcy filing by Evergreen Solar, a recipient of millions in federal stimulus dollars and state subsidies?
There are lessons in both stories for lawmakers in the U.S., especially our environmental policy frontiersmen in California, who in 2013 will impose the only carbon policy outside Europe to rival that of our northern neighbor in its seriousness and aggressiveness.