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The Case For Early Action Reduce Energy Use Increase Efficiency Improve the Bottom Line Increase Competitiveness Save Money The Case Against Early Action It costs money to save money You may be penalized later for reducing emissions early Constitutes an admission that global climate change is a human-caused problem that needs to be addressed C O 2 - e q u iv . ( T h o u s a n d T o n s ) Wisconsin Greenhouse Gas Emissions and Cost Scenario Emission Reductions 200 180 GHG Emissions Baseline 2010 GHG Emissions w / Cost Scenario Reductions 160 140 120 100 1990 2010 < $0 per Ton < $15 per Ton < $30 per Ton < $100 per Ton Wisconsin Can Reduce Greenhouse Gas Emissions 8 million tons per year by 2010 Energy savings of 9 million mWh Create 8,500 jobs Increase gross state product by $41 million Increase disposable income by $490 million Reduce Emissions of Other Air Pollutants The Case Against Early Action It costs money to save money You may be penalized later for reducing emissions early Constitutes an admission that global climate change is a human-caused problem that needs to be addressed A National Emission Reduction Registry Must: Include all greenhouse gases Be equitable to all sources in all states Accurately quantify, verify, and register emission reductions Not give credit where credit is not due