A bill making its way through the California legislature has something besides dollars and cents to add to the bottom line: the “social cost” of greenhouse gas emissions created by building projects.
Its sponsors say the measure would be the first of its kind in the nation and would give companies an incentive to offer the best deal for the environment, not just the lowest price.
Bidders would have to fill out a disclosure form about greenhouse gases emitted in the manufacturing and transport of industrial materials to be used in the project, such as cement, steel and glass.
Using a formula from California’s secretary of government operations, agencies would calculate a social cost that would figure into the bid’s bottom line.
The new rules also would apply to California State University and the University of California, which have separate purchasing laws.
Read the whole story in the Mercury News