EIA forecast suggests Clean Energy and Security Act could add over $5 billion to US jet fuel costs in 2020

The US Energy Information Administration (EIA) this week released a report that looks at the potential economic impact of the American Clean Energy and Security Act 2009 (ACESA), the so-called Waxman-Markey bill. It forecasts that the proposed cap-and-trade system could lead to an increase in the price of jet fuel of 26 cents per gallon in 2020, rising to 47 cents per gallon in 2030. Based on a 2007 pre-recession total fuel consumption by US carriers of 19.886 billion gallons, this equates to an added $5.17 billion on the annual bill in 2020 and $9.35 billion in 2030.

Link

Source: Greenaironline.com