California carbon market to generate billions but won’t end budget woes

Daniel Farber and Deborah Lambe cited in Forbes, May 17, 2012

“The least risky spending proposals are those that would advance AB 32’s goals, and in particular, AB 32’s primary goal: the reduction and mitigation of greenhouse gas (GHG) emissions,” wrote Deborah Lambe and Daniel Farber of the University of California, Berkeley’s Center for Law, Energy & the Environment. “Somewhat more risky (but still relatively low risk) are costly spending proposals for projects that advance the goals of AB 32, but also advance other, unrelated goals.”
This story also appeared in these outlets: KATV-TV, SNL Power Daily, and Sacramento Business Journal.