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 cost to reduce CO2 from gasoline is just another way to calculate the cost of a gallon of gas. At $190/MT of CO2, it would add 17 cents per gallon for every 10 percent reduction in CO2 from gasoline. So, to meet the bill’s goal to “reduce the greenhouse gas emissions attributable to each unit of the fuels to ten percent below 2017 levels by 2028,” it would add 17 cents. To meet the bill’s goal of 20 percent by 2035, it would add 34 cents at today’s prices. Of course, predicting the impact on prices 16 years from now is folly, but it gives you a sense of the scale of the cost.

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