Environment Forum
Global environmental challenges
Home is where the CO2 cost is — or will be
Home electric bills could rise as much as 30 percent under a U.S. cap-and-trade plan to address carbon dioxide emissions, Moody’s estimates.
The tough part for households is that Moody’s expects industrial users to figure out a way to duck the cost with special rates, meaning residential electric customers will carry “the vast majority” of the cost burden. Check out our story here.
If Moody’s is right, and if the cap-and-trade plan slows global warming, is the price right?
