The state of Vermont should tax fossil fuels to fund carbon reduction programs required by carbon reduction mandates, a Jan. 15 report by the Public Utilities Commission (PUC) recommends. Estimated annual revenue from three proposed revenue sources would total $78 million.
"“Vermont is falling far short of its climate goals in the heating and transportation sectors, which represent the vast majority of our greenhouse gas emissions and the greatest cost burden for Vermont households,” the PUC report said. “Without a stable, sizable stream of public funding in those two sectors, Vermont will not meet its carbon-reduction commitments.”"
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