This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.
Some will suffer greatly from climatechange, while others may even benefit. The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. Setting such a high tax on carbon is probably unrealistic, especially in developing countries.
The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climatechange. Improving coordination and support for research efforts on climatechange preparedness.
This article shows that including offsets in climatechange legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. what would have happened anyway).
To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climatechange, according to a new report from the National Academies of Sciences, Engineering, and Medicine.
It will be much harder and more expensive for Australia to do its fair share on climatechange without a carbon pricing scheme, according to the final report of the Garnaut ClimateChange Review – Update 2011, Australia in the Global Response to ClimateChange. Earlier post.)
At present, 17 of the 27 EU Member States levy CO 2 -related taxes on passenger cars, and 15 governments provide tax incentives for electrically chargeable vehicles, according to the newly published European Automobile Manufacturers’ Association (ACEA) Tax Guide 2010. Generally, registration taxes threaten fleet renewal.
The Swedish National Audit Office (Riksrevisionen) has begun a review of the tax exemption for biofuels, with the results to be published in 2011. Sweden has striven to increase the share of biofuels in transport, and liquid biofuels such as ethanol and biodiesel are currently exempt from energy and carbon tax.
Most of the largest subsidies to fossil fuels were written into the US Tax Code as permanent provisions. The vast majority of subsidy dollars to fossil fuels can be attributed to just a handful of tax breaks, such as the Foreign Tax Credit ($15.3 Tags: ClimateChange Fuels Policy.
However, a new study by researchers at the University of Gothenburg (Sweden) finds that middle- and high-income earners are generally affected the most by gasoline taxes, especially in poor countries, rather than poor people. Petrol taxes are effective and actually don’t affect poor people disproportionally.
California Senate President pro tempore Darrell Steinberg proposed a carbon tax on fossil transportation fuels to replace the coming cap and trade mandate on that sector in 2015. In 2020, the tax is estimated at 24¢/gallon—lower than the upward price risk under cap and trade at 40¢/gallon. A carbon tax is stable.
The UK Government is currently consulting on a carbon floor price or tax which would mean that UK electricity companies would have to pay extra for the carbon they emit. Until now power generators have been exempt from the ClimateChange Levy, the closest thing that the UK has to a carbon tax.
Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. Comparing taxes between 2012 and 2015 yields a disconcerting result. Governments should do more and better.
The paper is published in the journal Nature ClimateChange. A lot of people think that a large-scale shift to EVs will mostly solve our climate problems in the passenger vehicle sector. Tackling climatechange is not a one-country, one-sector or one-technology job.
If traffic remained reduced for one year, the reduction in VMT would allow California to meet half of its 2050 climatechange target. Fuel saved, tax revenue lost. It also resulted in fuel-tax revenue reductions, which vary by state. California has a target of 80% reduction in GHG from 1990 levels by 2050.
We have had a long debate about climatechange in this country. Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act. —Prime Minister Gillard.
In a study published in Nature ClimateChange , an international research team reports finding limited evidence that individual or household rebates have increased public support for carbon taxes in Canada and Switzerland. 2022) “Limited impacts of carbon tax rebate programmes on public support for carbon pricing.”
Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. The largest reductions in GHG emissions from transportation are obtained by increasing the cost of driving with fuel taxes, resulting in lower emissions in 2030 than in 2010.
The GISS ModelE2 provides the initial and boundary conditions to a regional climate model for the years 2006?2010 The CT1 and CT2 scenarios, applied economy-wide and in nominal dollars, are intended to represent an upper and lower end of carbon tax options. ClimateChange Emissions Health Policy' 2010 and 2048?2052.
In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).
Climatechange is the existential crisis of our time and this acquisition accelerates our ability to address it. Cummins expects the acquisition of Meritor to be immediately accretive to Cummins’ adjusted EPS and to generate annual pre-tax run-rate synergies of approximately $130 million by year three after closing.
As outlined by the President, the proposal relies upon tax reform for about half of its funding—i.e., closing some tax loopholes and changing how businesses are taxed, resulting in about $150 billion. The full proposal will be outlined in the President’s FY2015 Budget Request to Congress.
The researchers suggested that taxing heavy cars could be part of a solution, along with driving less, and other technology-based weight reductions efforts. Ultimately, to manage climatechange, the world needs to stop emitting greenhouse gases from vehicles and power plants. —Shaffer et al. Shaffer et al.
“Pack Up Your Toxic, Fossil Fuel Factory With Its Climate-Changing Products & Get Out of Town By 2020!&# is also the very same company that has paid tens of millions of dollars, year after year to spread FUD about their role in climatechange. Greenius Rules. Uncertainty. But that money is dirty.
The report calls for a 20-year “blueprint for action,” which includes creating an “Interstate Highway System Renewal and Modernization Program,” increasing the federal fuel tax to help pay for it, and allowing tolls and per-mile-charges on more interstate routes. National Academy of Sciences. Additional Recommendations.
A new study published by the Pew Center on Global ClimateChange finds that combined actions across three fronts—technology, policy, and consumer behavior—could deliver up to a 65% reduction in transportation emissions from current levels by 2050. Source: Greene and Plotkin (2011). Click to enlarge.
It found that 65% of respondents spontaneously selected emissions from road transport as a cause of climatechange. Most respondents said they think cars or aeroplanes are the transport modes mainly responsible for climatechanging emissions. Click to enlarge.
The report, Limiting the Magnitude of Future ClimateChange is one of three released by the NRC, the operating arm of the National Academy of Sciences and National Academy of Engineering. Fri, Chair, Panel on Limiting the Magnitude of Future ClimateChange.
KPMG developed 3 nexuses linked by climatechange to represent the challenges of sustainable growth. The 10 global sustainability megaforces that may impact business over the next two decades are: ClimateChange: This may be the one global megaforce that directly impacts all others. Source: KPMG. Click to enlarge.
Reduce fees, taxes and upfront costs for electric vehicle owners and invest in battery research. Elkind, Bank of America Climate Policy Associate for UCLA School of Law’s Environmental Law Center & Emmett Center on ClimateChange and the Environment and UC Berkeley School of Law’s Center for Law, Energy & the Environment (CLEE).
When life cycle air pollution and greenhouse gas emission externalities are internalized via a Pigovian tax, fleet electrification increases and externalities decrease, suggesting a role for policy. —Bruchon et al. Private and external costs of energy inputs vary across cities. Source: Bruchon et al.
announced its next environmental sustainability strategy—PLANET 2050—which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climatechange. Cummins Inc. By 2050, Cummins is targeting net-zero carbon emissions.
The studies use case studies to demonstrate the co-benefits of tackling climatechange in four sectors: electricity generation, household energy use, transportation, and food and agriculture. Climatechange threatens us all, but its impact will likely be greatest on the poorest communities in every country. —Kirk R.
transportation policy with climatechange and energy goals, and some put in place systems that effectively sabotage these goals. transportation, and ensure state fuel taxes can support all transportation modes. transportation, and ensure state fuel taxes can support all transportation modes.
Some members of the committee thought that these higher densities would be reached due to macroeconomic trends—higher energy prices and carbon taxes—in combination with growing public support for infill development, investments in transit, and higher densities along transit rail corridors.
We’re proposing solutions that would recover system costs through sales or income taxes, or an income-based fixed charge, which would pay for long-term capital costs while ensuring all those who use the system—and specifically, wealthier households—contribute equitably.
The escalating carbon dioxide (CO2) emissions and the consequent acceleration of climatechange are alarming, and it has proven challenging to find feasible ways to actively reduce the concentration of CO2 in the atmosphere. —Prof In. 2020.119344.
The brief concentrates on six topics: climatechange policy, carbon capture and storage policy, oil security policy, energy-technology innovation policy, electricity market structure, and infrastructure policy. Climatechange policy. A tax has the advantages of predictability and being simple to implement quickly.
The study editor Sir David King (former Chief Scientific Adviser to the UK Government) and lead author Dr. Oliver Inderwildi urge the government to impose higher taxes on drivers of large, inefficient vehicles and reinvest the money in better public transport and measures to get more people cycling and walking. Myth Busting.
To help the California Air Resources Board (ARB)—the state’s key organization in this area—to fight climatechange by reducing GHG emissions, the Legislature has allocated more than $2 billion from the State’s Greenhouse Gas Reduction Fund (cap?and?trade CARB’s inability to measure the GHG reductions from its cap?and?trade?funded
The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB ClimateChange Advisors (DBCCA). —DBCCA. Source: DBCCA.
trillion FY 2011 Budget to the US Congress. billion in tax subsidies for oil, coal and gas industries. billion in applied energy research and development to position the United States as the world leader in energy technology that will address climatechange, develop new industries, and create new jobs. Invests $2.3
Jack Rosebro, founder of Perfect Sky in Los Angeles [and a contributor to Green Car Congress ], spoke of the need for government policy makers to move beyond incremental changes that are not providing enough incentive for the market to produce alternatives to oil as the almost exclusive source of energy for road and rail transportation.
Preparing the US for the impacts of climatechange. Preparing the US for the impacts of climatechange. billion in FY 2014 budget); Assessing climate-change impacts in the United States; Launching a climate data initiative; and. Providing a toolkit for climate resilience.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content