SACRAMENTO, Calif., May 16, 2022 /PRNewswire/ — City and state climate change lawsuits discourage private sector innovation required to meet America’s clean energy goals – and expensive judgements in these cases can increase gas prices by 31-cents per gallon, finds a new issue brief released today by the nonpartisan Pacific Research Institute.Click here to download the brief.
Pacific Research Institute
“Sustainably addressing global climate change requires innovation, but municipal climate change lawsuits actually discourage private sector investment into clean energy innovation,” said Dr. Wayne Winegarden, PRI senior fellow in business and economics and the study’s author. “Expensive judgments could lead to higher prices at a time of record gas prices and inflation.”
State and local governments, including New York City, Baltimore, and several California…