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Carbon controls could hike fuel costs

Published Monday, October 12, 2009

A new analysis of federal legislation aimed at controlling carbon emissions projects that if the measures pass, the cost of gasoline could increase 15 cents per gallon on average, with diesel going up slightly less, between 2012 and 2019. A study of the carbon dioxide (CO2) emission control provisions within the Senate’s Kerry-Boxer Bill – which draws heavily on the Waxman-Markey bill passed earlier this year in the House of Representatives – by research firm Point Carbon finds that such emissions would cost $15 per ton if a proposed cap-and-trade program is established. Lisa Zelljadt, ...

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