Study: Regional LCFS could push up fuel costs, cut jobs

03/27/2012 | DomesticFuel.com

A proposal being considered by 11 northeastern and mid-Atlantic states to establish a low-carbon fuel standard could raise fuel costs and have a negative impact on the region's economy, according to a study by the Consumer Energy Alliance. A regional LCFS would, over ten years, cut 147,000 jobs, shrink disposable income by $28.8 billion and result in $306 billion in lost economic opportunity, the study found. The Northeast States for Coordinated Air Use Management's evaluation of such a standard's potential was "lacking in depth, methodology and analysis, and failed to account for the region's energy needs," CEA said.

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