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Contributor: The high cost of California's green energy policies

  • California experiences some of the nation’s steepest energy prices, with gasoline averaging $4.78 per gallon and electricity rates reaching 30.22 cents per kilowatt hour, the most expensive among the contiguous states.
  • The state's aggressive green policies, including incentives for EVs and disincentives for refineries, aim to achieve carbon neutrality but raise energy prices and economic challenges.
  • Studies show that these policies could threaten 148,000 jobs, slow industrial growth, and contribute to income declines for families earning under $100,000 annually.
  • The California Air Resources Board predicts their policies will increase gasoline costs by 47 cents per gallon, while high electricity prices discourage investment and drive firms to other states.
  • If California does not modify its policies to better integrate environmental objectives with cost-effective and dependable energy production from a variety of sources, the state is likely to experience worsening economic difficulties and energy shortages in the next decade.
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Los Angeles Times broke the news in Los Angeles, United States on Wednesday, May 7, 2025.
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