AB 32 Environmental Justice Advisory Committee meet next on Thursday, May 16, 2024, at 1:00 PM – 5:00 pm. You can attend in person, on line, or by telephone. Details are here.
The meeting will focus on the economic impacts of the new cap and trade regulatory changes. The cost benefit analysis (Standardized Regulatory Impact Assessment or SRIA) was prepared pursuant to regulations adopted by the Department of Finance.
Table 1 from page 5 the SRIA sets out the costs and benefits predicted from the action, although it lumps them all together.
In total, it appears that the $79.4 – $82.8 billion costs of the program will be overshadowed by the $125.70 – $561.10 billion in benefits. Read the full report to understand the ranges, which are largely due to the differences in the proposed scenarios and the discount rate applied.