RALEIGH (John Locke Foundation) – North Carolina would lose more than 33,000 jobs and face a $4.5 billion hit to its Gross State Product by 2011, if lawmakers adopt just a fraction of the policies under consideration now to address climate change. A Boston-based economist who has analyzed the policy proposals delivered that message this week to a legislative study group.
The policies studied also would cost the state more than $502 million in investment, lower real disposable income by $2.2 billion, and reduce state and local revenue by more than $184 million, said David Tuerck, chairman of the Suffolk University Department of Economics and executive director of the department’s research arm, the Beacon Hill Institute. Tuerck testified to the N.C. Legislative Commission on Global Climate Change Tuesday in Raleigh.