Against cap-and-dividend
Transportation and building heating/electricity are the two largest contributors to carbon emissions, accounting for well over half the total. The price elasticity on transportation fuels is very low, as we've seen. With gas prices up $2 per gallon in the last three years, we're now finally seeing small reductions in driving, somewhere in the neighborhood of 4%. $2 per gallon of gas is roughly the equivalent of $200 per ton of carbon, a price impact that ... Full Story »
Posted by Kaizar Campwala
