California regulator to quietly make flying, shipping, driving more expensive
Story by Kenneth Schrupp • 12h
(The Center Square) – A California regulatory agency says it won’t release new information on a new carbon credit proposal that it said earlier could raise the cost of each gallon of gasoline by 35 cents next year, and significantly raise the costs of goods shipped through California, and airline tickets leaving or entering California.
The California Air Resources Board is voting on November 8 on whether or not to adopt more stringent requirements for its Low Carbon Fuel Standard program, by which the state uses a system of credits and deficits to reward or punish producers that make fuel better or worse than the rising “clean” standard.” While the current LCFS guidelines aim for a 20% reduction in carbon intensity by 2030 compared to 2010, the proposed amendments would aim for a 90% reduction by 2045, thereby necessitating much steeper cuts.
If this regulation is passed by CARB, all but two of whose 14 voting members are appointed by the governor, a 15 gallon fill-up of gas would cost an extra $5.25 next year, while a round-trip ticket between New York and Los Angeles could see prices go up by $35.20 (assuming a 250 person jetliner burns 10,000 gallons of fuel each way between the two cities).
https://www.msn.com/en-us/news/us/california-regulator-to-quietly-make-flying-shipping-driving-more-expensive/ar-AA1t9TkC?ocid=anaheim-ntp-feeds&pc=HCTS&cvid=494ef5f042834f028644a6f103e9f7f0&ei=62
