Letter to AB 32 Economic and Allocation Advisory Committee on on Economic Modeling

This CRS-led joint letter to the EAAC on economic analysis of the impacts of AB 32 recommended that EAAC issue a statement on economic modeling that communicates that: CARB results are consistent with other studies; CARB’s analysis to date has met reasonable expectations given time constraints, limited resources, and the state of modeling science; peer review criticism of CARB’s economic modeling has been misrepresented; consideration of co-benefits, required by law, is left out of the economic modeling; impacts should be modeled by income level, and modeling does not reflect the near certainty that innovation will lower costs.