Driving California Forward: Public Health and Societal Economic Benefits of California’s AB 32 Transportation Fuel Policies – LCFS and Cap-and-Trade regulations
- Abstract
This analysis calculates the economic benefit of the LCFS and C&T by evaluating the societal benefits of full implementation in 2020 and 2025, which include 1) avoided public health costs and incidents of illness, 2) avoided fossil fuel dependence costs, and 3) avoided climate change-related costs (see Figure E-1 below for the proportion of the total societal economic benefit attributed to these three components).These benefits are compared to a baseline that does not factor in those policies to show that by 2025, the LCFS and C&T will incentivize the shift to a cleaner transportation fleet that will save the state and its citizens money.
- Resource Type
- Report
- Authors
- Timothy O'Conner Katherine Hsia-Kung Larissa Koehler Bonnie Holmes-Gen William Barrett Michael Chan Karen Law
- Date
- 2014
- Institution
- Environmental Defense Fund, American Lung Association in California
- Organization Type
- Ngo
- Emission Source
- Transportation
- Solutions
- Low carbon fuels/biofuels Market mechanisms
- Region
- Southwest
- Other
- Economics/cost analysis US policy Policy United states