Carbon-dioxide taxes are inherently regressive and disproportionally harm low-income families. The Congressional Budget Office (CBO) found a $28 per ton carbon tax would result in energy costs being 250 percent higher for the poorest one-fifth of households than the richest one-fifth of households. CBO reports the reason for cost discrepancy is “a carbon tax would […]
News Stories
New low carbon fuel standard proposed
As with last year, efforts to reduce Washington’s greenhouse gas emissions is prompting several bills as part of Governor Jay Inslee’s “green energy” proposal – and the topic took up much of his State of the State speech. One of those proposals seeks to reduce carbon intensity in transportation fuels through a low carbon fuel […]
Low-carbon fuel has high cost according to supporters
As part of a package of policies to reduce Washington’s carbon-dioxide emissions, legislators are proposing a low-carbon fuel standard (LCFS) which would decrease CO2 content of fuel using a number of strategies. Most common would be mixing more biofuel with existing gasoline. … Each gallon of gas emits the same amount of CO2, so the […]
What we can learn from Oregon’s low-carbon fuel law
As part of his proposals to reduce Washington CO2 emissions, the Governor included a low-carbon fuel standard (LCFS), designed to reduce transportation emissions. Oregon enacted a similar policy recently and it has been cited as evidence that the new restrictions won’t cost much at the pump. When assessing the policy, we need not only look […]