Study points to greater gas price impacts from transpo pact
From Southcoast Today. A new study of the cap-and-trade program under development by Northeast states to reduce carbon emissions from cars and trucks found that the program could be more than twice as expensive for drivers than previously estimated, with the pandemic potentially playing a major role in how effective the Transportation Climate Initiative will…
From Southcoast Today.
A new study of the cap-and-trade program under development by Northeast states to reduce carbon emissions from cars and trucks found that the program could be more than twice as expensive for drivers than previously estimated, with the pandemic potentially playing a major role in how effective the Transportation Climate Initiative will be.
The Center for State Policy Analysis (CSPA) at Tufts University concluded that TCI would help reduce carbon emissions across the region and generate significant revenue for participating states to invest in clean energy alternatives and public health.
The tradeoff, however, would be increases in gasoline and diesel prices from as little at 3 cents to as much as 47 cents per gallon in 2022, according to the report released Thursday. The wide range takes in account a variety of factors, including how aggressively states try to reduce emissions and the health of the economy as it recovers from the COVID-19 pandemic.
See the complete article from Southcoast Today online.