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Fuel Taxes Must Rise, Harvard Researchers Say

NY Times [1]
March 3, 2010

To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon.

To reduce carbon dioxide emissions in the transportation sector 14 percent from 2005 levels by 2020, the cost of driving must simply increase, according to a forthcoming report by researchers at Harvard’s Belfer Center for Science and International Affairs [2].

The 14 percent target was set in the Environmental Protection Agency’s budget for fiscal 2010 [3].

In their study, the researchers devised several combinations of steps that United States policymakers might take in trying to address the heat-trapping emissions by the nation’s transportation sector, which consume 70 percent of the oil used in the United States.

Full article here [1]