CARB Faulted For Excluding Gas Price Hikes From Cap & Trade Estimates

California air board officials are laying out projected costs and benefits from proposed regulatory amendments to the state’s greenhouse gas cap-and-trade program, estimating that up to $83 billion in industry compliance and abatement costs will be more than offset by health and social cost of carbon (SCC) benefits. However, the California Air Resources Board’s (CARB) April 9 Standardized Regulatory Impact Assessment (SRIA) for the pending cap-and-trade program amendments is drawing early criticism from the oil industry for failing to estimate...