This report by the Tellus Institute forecasts the economic consequences of a proposal to modestly tax the petroleum produced in California and use the proceeds to invest in clean energy programs. Although this ‘Proposition 87’ was defeated in the Californian November 2006 general election ballot the report is interesting in that it shows, with technically detailed scenarios, that employment and GDP could benefit from a less oil-dependent transportation system.
Read the document (990 KiB)
Stutz, John, and Sudhir Chella Rajan. 2006. Boston: Tellus Institute.