California is the green guinea pig. We are setting the climate change mitigation agenda. AB32 is the key piece of legislation attempting to sharply reduce this state's greenhouse gas emissions. Economists are now debating what are likely to be the "macro state wide" impacts of this regulation.
I recently participated in this debate over how we conduct ex-ante evaluation of a policy that hasn't been implemented yet. How risky is this well meaning regulation? What will be its unintended consequences?
You are free to download all of the documents.
Air Resources Board's New Economics Page
My report is one of the "big six".
The Six Referee Reports on the AB32 Scoping Plan Economic Analysis