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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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Australia’s per capita CO 2 emissions are higher than those of the US due to an emissions-intensive energy sector. For the first three years, the carbon price will be fixed, before moving to an emissions trading scheme in 2015. From 1 July 2015, the carbon price will be set by the market. Click to enlarge.

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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A newly released analysis produced by Beacon Economics for the nonprofit, nonpartisan think-tank Next 10 has found that California’s zero-emission vehicle (ZEV) market is on track to meet or exceed a target of 1.5 And zero-emission vehicles are following this pattern. million ZEVs on California’s roads by 2025. Earlier post.)

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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President Obama’s plan, which sidesteps the need for Congressional involvement by relying on a wide variety of executive actions, has three main components: Reducing greenhouse gas emissions in the US. Leading international efforts for GHG emission reductions and adaptation. Reducing greenhouse gas emissions in the US.

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Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

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Transport GHG emissions in the “No New Policies” case (NNP) and the “Lowest” case (L). Achieving the Lowest Emissions case would require government spending of at least 2% of EU27 GDP. 95% in EU GHG emissions with respect to year-1990 levels by 2050. The horizontal lines indicate 60% reduction from year-1990 levels.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

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The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs. —GFEI working paper.

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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The dangerous part is with the price of oil likely to drop, demand for fuel will go up. So if governments don’t want to see their greenhouse gas reduction targets go up in smoke, they have to take measures to dampen demand for transport. Delayed implementation in the EU27 of the Baseline objective (130 g/km) until 2015.

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We Need More Than Just Electric Vehicles

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With all this, consumers and policymakers alike are hopeful that society will soon greatly reduce its carbon emissions by replacing today’s cars with electric vehicles. Indeed, adopting electric vehicles will go a long way in helping to improve environmental outcomes. AFP/Getty Images.