Climate change-related auction of credits will be ‘carbon tax’ passed on to consumers, Rogers says.
bhenderson@charlotteobserver.com
Duke Energy says Carolinas electricity rates would rise by at least 13 percent under President Obama’s plan to address climate change by auctioning off carbon credits.
Obama would set the nation’s first limits on emissions of carbon dioxide, the gas linked to global warming. Under an approach outlined in his proposed budget last week, industries and utilities such as Duke would be able to trade allowances to release the gas.
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