May 18, 2009
A 2007 law requires auto makers to increase the average fuel economy of their fleets to 35 mpg by 2020.
Bioelectricity bests ethanol on two fronts: land use and global warming
(05/07/2009) Yesterday the Obama Administration established a Biofuels Interagency Working Group to oversee implementation of new rules and research regarding biofuels. On the group’s first day of work they would do well to look at a new study in Science Magazine comparing the efficacy of ethanol versus bioelectricity.
US government: $28 carbon price would raise gas prices by 25 cents
(10/08/2008) A national carbon price under a cap-and-trade system would have a limited impact on gasoline prices, reports a new study by the Congressional Budget Office (CBO). The report estimates that a carbon price of $28 per ton — a bit less than current carbon prices in the European market — would boost gas prices by 25 cents per gallon, while a $200 per ton tax would increase prices by less then $2. The findings suggest that the cost of climate change legislation may be lower than claimed by industry, but also indicate that efforts to curb Americans' driving habitats via a carbon tax or cap-and-trade scheme may be of limited effectiveness. A $2 increase in the price of gas would still leave U.S. fuel prices well below those in most of the world.