What this tax will really do

First In Nation 'Pollution Fee' Coming To SF - Move Meant To Help Slow Global Warming

Excerpts:

The Bay Area Air Quality Management District's board of directors on Wednesday approved new rules to charge businesses a fee for the pollution they emit.

The group's board of directors voted 15-1 on unprecedented new rules that will impose fees on factories, power plants, oil refineries and other businesses that emit carbon dioxide and other heat-trapping gases.

The agency, which regulates air pollution in the nine-county Bay Area, will be the first in the country to charge companies fees based on their greenhouse gas emissions, experts say. The new rules will take effect July 1.

The modest fee -- 4.4 cents per ton of carbon dioxide -- probably won't be enough to force companies to reduce their emissions, but backers say it sets an important precedent in combating climate change and could serve as a model for regional air districts nationwide.

The fee will not be imposed on vehicles, district spokeswoman Lisa Fasano said.

"It doesn't solve global warming, but it gets us thinking in the right terms," said Daniel Kammen, a renewable energy expert at the University of California, Berkeley. "It's not enough of a cost to change behavior, but it tells us where things are headed. You have to think not just in financial terms, but in carbon terms."

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More than 2,500 businesses will be required to pay the proposed fees. About seven power plants and oil refineries will have to pay more than $50,000 a year, but the majority of businesses will pay less than $1, according to district estimates.

The proposed program, which requires companies to measure and report their own emissions, could make it more complicated and expensive to do business in the Bay Area, said Shelly Sullivan, who heads the AB32 Implementation Group, a coalition of business groups working with state regulators to implement California's global warming law.

"It's going to make Bay Area businesses less competitive because companies outside the area won't face similar costs," Sullivan said. "There would be a patchwork of plans that would not be consistent."

Comment: Get this .. some businesses will only pay $ 1. But they will pay many dollars in calculating that $. Who will pay? Jobs lost!