California Senate President pro tem proposes carbon tax on transportation fuels
Green Car Congress
FEBRUARY 21, 2014
California Senate President pro tempore Darrell Steinberg proposed a carbon tax on fossil transportation fuels to replace the coming cap and trade mandate on that sector in 2015. In 2020, the tax is estimated at 24¢/gallon—lower than the upward price risk under cap and trade at 40¢/gallon. A carbon tax is stable.
Let's personalize your content