Fuel Tax Increase Necessary to Cut Transportation Emissions

…
Raising the price of gas to $7 per gallon may be necessary to meet the U.S. Environmental Protection Agency’s 2020 targets for cutting greenhouse gas emissions by 14 percent, says a new report from Harvard’s Belfer Center for Science and International Affairs.
The report posits that reducing oil consumption and carbon emissions from transportation will be more difficult than previously assumed. It will require substantially higher fuel prices, ideally in combination with more stringent efficiency standards.
Additionally, the study concludes that relying on subsidies for electric or hybrid vehicles – often the politically attractive option – is an ineffective way to reduce greenhouse gas emissions in the near term.
“Tax credits don’t address how much people use their cars,” said Ross Morrow, one of the report’s authors. “In reverse, they can make people drive more.”
…

https://thecityfix.com/fuel-tax-increase-necessary-to-cut-transportation-emissions/oldId.20100310151825605