Gristmill: A blogful of leafy green commentary

Visit GristMill

Driver down

Posted on July 03, 2008

By Ken JohnsonIn my last post I touted the benefits of a fully refunded emissions tax. Let's take a look at how it could work in California. When it comes to a refunded tax, more money for industry doesn't mean less money for consumers. Case in point: Today's gasoline prices in California are averaging $4.58/gal, which equates1 to $536/MT-CO2e. That's how much California drivers are currently paying to emit CO2 -- how much they could save from fuel economy improvements. The same approach used by the Swedish program could be applied to motivate efficiency improvements in vehicles...

Original article link


analysis , co2 , economic , economy , electric , emissions , ghg , greenhouse gas , incentive , incentives , investment , legislation , plug in , policies , policy