Can California’s Global Warming Plan Survive its Economic Crisis?

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Yesterday California approved a landmark global warming plan that would cut greenhouse gas emissions to 1990 levels by 2020, a 30 percent reduction. Meanwhile, the state is suffering through a fiscal crisis that Governor Arnold Schwarzenegger, who supports the global warming plan, describes as “financial Armageddon.” The same day that California approved the climate measure, the front page of the San Francisco Chronicle ran a giant Schwarzenegger block quote:

Every second, the state is losing $470, every minute, $28,000, and every hour $1.7 million and every day $40 million. That is approximately more than $1 billion a month if legislators don’t act [to pass a new budget].

The California Air Resources Board, which approved the global warming plan, estimates that it would actually have “an overall positive effect on the economy” by spurring energy efficiency and technological innovation. However, the state’s nonpartisan Legislative Analysis Office questioned that estimate, saying that the evaluation of some costs and benefits was “inconsistent and incomplete.” As U.S. Congress prepares to debate its own climate bill in the near future, expect Republicans to argue that the California climate plan is a financial sink hole; in response, Democrats should note that the benefits of energy efficiency and technology investment will take awhile to materialize. The same could be said of bailing out Wall Street and the automakers, and, so far, that hasn’t stopped us.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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