Guest Commentary: Opponents of a bill reintroduced this year requiring large corporations to disclose their carbon emissions argue it could increase costs for California consumers and fail to promote transparency.
They can’t. Consequently, companies will rely on proxy information that is just as likely to provide misinformation as information.
Then there are the problems of double counting emission reductions, where multiple organizations take credit for the same emissions reduction, which is another inherent problem of carbon accounting.By clicking subscribe, you agree to share your email address with CalMatters to receive marketing, updates, and other emails.While the reports will provide information of dubious value, conducting the carbon accounting audits will be costly.
The mandate is also troubling because there are better policy options. The costs of global climate change can be addressed without making California’s families poorer if policies focus on incentivizing the necessary technological innovations rather than imposing higher costs on families already struggling to make ends meet.
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