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California legislation can lead to chain reaction -- and cap global greenhouse gases

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Ray Lane, a venture capitalist with Silicon Valley's Kleiner Perkins, has written an opinion piece for the Mercury News, and it is worth a read. He argues Californians have the power to pass a law that could profoundly influence global efforts to cap greenhouse gasses.

Just as government acted in the 1980s to combat acid-rain by enacting "cap and trade" of sulfur dioxide legislation, the same thing can be done today for greenhouse gases. If California passes the Pavley-Nunez Global Warming Solutions Act (AB32), Lane argues a series of dominos will fall -- leading to a solution for the planet. The key to it all is the free-market component. He co-wrote the piece with Rod A. Beckstrom, who is CEO of Carbon Investmetns in Palo Alto. What do people think?


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If it going to make our new central valley housing, which are blamed for pushing the peak power demand 40% above the 2000-2001 crisis level, immensely more expensive, then it may serve a purpose.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/07/24/MNGECK4HJI4.DTL

Wai Yip Tung on July 27, 2006 10:12 AM
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