Climate: CRA's David Montgomery talks economics of Calif. policy, says safety valve positive tool

As California leads the way in the creation of emissions reduction policies, the economic effects of these standards still remain uncertain. During today's OnPoint, David Montgomery, vice president of CRA International and co-head of CRA's Energy and Environment Practice, discusses a new report focusing on the economic implications of California's climate policies. Montgomery compares his report to the findings of other major economic reports including the IPCC, Stern and MIT reports. He says a safety valve approach will be positive to managing costs and says it is important that the rest of the United States learn from California.