Clean Fuel Groups Pushing for Carbon Credit System
A broad coalition including environmentalists as well as biofuel, electric vehicle and other alternative transportation companies, are urging the Cuomo Administration to adopt a Low Carbon Fuel Credit that would help them, but would require traditional fuel firms such as diesel or gasoline suppliers to purchase carbon credits going forward.
Similar in some ways to a carbon tax, the Credit aims to incentivize the faster adoption of electric vehicles and clean fuels. That would be an important move in light of the state’s large transportation sector and the push to reduce greenhouse gases.
By Rick Karlin, Times Union