Insert Date Here
The Cost of Global Warming Legislation
As I’ve been
constantly writing about, the focus of this legislature right now should be
finding ways to get our economy back on track so it can create new jobs.
Beginning this month the legislature will start debating draft legislation
that was crafted over the last 9 months to curve Wisconsin’s emission of
greenhouse gasses (GHG). This legislation will include numerous polices to
curve GHG emissions in Wisconsin recommended by the Governors Taskforce on
Global Warming, including a Wisconsin only cap and trade program.
However, a report issued by the Beacon Hill Institute for Public Policy
Research at Suffolk University shows that the policies under recommendation
will have a devastating effect on Wisconsin’s economy. The report The
Economics of Climate Change, which can be found here. In summary, if the
legislations adopts the boards recommendations:
• Will eliminate 68,860 private sector jobs.
• Will reduce disposable income by $1,162 per person.
• Cause domestic investment to fall by $1.1 billion.
• Increase costs to Wisconsin motorists by $3.3 billion by 2020.
The purpose of this taskforce was to get various business interests
together, along with the government and environmental groups, to develop an
action plan for Wisconsin to deal with its emission of GHG. The flaw in the
group however was that they weren’t required to evaluate the costs of
addressing climate change. So what does this mean? It means that with
250,000 people already looking for a job, the authors of the legislation
don’t do not care if we add another 68,860 added to that total.
The proposal, called the Clean Energy Jobs Act, maybe should be renamed to
the Clean Jobs out of Wisconsin Act. There is no doubt that the proposed
legislation will hold back Wisconsin’s economy and cost us jobs, family
income, and higher utility rates. I agree that the climate is changing,
however the causes are up for debate. While its prudent to look at reducing
Wisconsin’s reliance on fossil fuels, I can’t support a proposal that will
cause such a negative effect on our economy.
What the state needs to do is lift the moratorium on nuclear energy. We can
also provided more job and tax incentives to lure more international
investment here in Wisconsin. Then we will be creating new jobs here.
Generating clean power should be a priority, but not with mandates that
families right now can ill afford.
DOT Road Conditions Report
Every
2 years the State of Wisconsin publishes a one-stop resource for anything
related to state government. In addition, this year’s feature article is on
“Wisconsin at the Frontiers of Astronomy: A History of Innovation and
Exploration.”
My office has limited copies, and if you would like to receive one, please
email or call and my staff will be glad to send one to you.
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