"California Enacts New Climate Rules — Which Could Boost Gas Prices"

"Experts don’t know how much gas prices may rise from the revised California climate program, which tightens standards and gives incentives for low-carbon fuels. The board ordered an annual review of the cost impacts."

"In one of its most controversial decisions, California’s air board voted tonight to revamp a key climate change program, which could increase gas prices in a state already facing some of the nation’s steepest costs at the pump.

The California Air Resources Board approved major changes to its Low Carbon Fuel Standard, a program aimed at encouraging use of cleaner transportation fuels with financial incentives as the state moves toward phasing out gasoline and diesel.

The board’s 12-2 vote tonight followed about seven hours of comments from more than 100 people and four hours of discussion by board members at its meeting, held in Riverside."

Alejandro Lazo reports for CalMatters November 8, 2024.

Source: CalMatters, 11/12/2024