via yahoo:
“This bill and the executive order put California on a path to meet the goals of Paris and beyond,” Brown said at a signing ceremony in state capital Sacramento.
“It will not be easy. It will not be immediate. But it must be done.”
At least 20 countries and twice as many large cities have made similar pledges, but California — the fifth largest economy in the world — is by far the biggest jurisdiction to do so to date.
The electric sector represents 16 percent of the state’s greenhouse gas emissions. More broadly, California has set ambitious goals to slash greenhouse gas emissions 40 percent by 2030, compared to 1990 levels.
Does this apply to electricity generated in California, to to electricity sold in California? If it’s the former, then California’s electrical rates, already some of the highest in the country, will “necessarily skyrocket,” to coin a phrase. If it’s the latter, California won’t achieve anything but making Hollywood ad Silicon Valley types feel good, while making out-of-state utilities even richer.
h/t SG