A 169-sector REMI PI+ California model was used to estimate various types of indirect, macroeconomic impacts of California Assembly Bill 32, The Global Warming Solutions Act of 2006 in terms of both the aggregate impacts on the State’s economy and the distribution of impacts across sectors and income groups. The study and its corresponding modeling found that the aggregate impacts of AB32 were estimated to be very slightly positive, AB32 was slightly more labor-intensive than the average operation of the California Economy, consumers benefited from improved energy efficiency in their own homes and in businesses providing them with goods and services, and auctioning greenhouse gas emission allowances provided opportunities for recycling revenues, among other key findings.
