A new Harvard University study (Analysis of Policies to Reduce Oil Consumption and Greenhouse-Gas Emissions from the U.S. Transportation Sector) offers a sobering assessment of what it will take to meet the emission reduction targets proposed by President Obama and the Waxman-Markey cap-and-trade bill.Not that the Democrats shy away from socking it to the Little Guy with massively regressive taxes. Taxes that raised gas to $9/gal would hit the typical family with $5000 - $10,000 in added tax burden. No wonder Congress doesn't show much interest in getting serious about Cap And Trade.
The Harvard study makes even more obvious what should no longer be controversial. Congress has not yet adopted tough controls on GHG emissions not because a “well-funded denial machine” is “confusing the public,” but because Members of Congress seek above all else to get re-elected, and inflicting pain on voters is not a smart way to win their support!
Thursday, March 25, 2010
Harvard: $9/gal gas needed to meet Carbon targets
Seems the boffins have looked at the numbers, and it looks grim: