Remove Climate Change Remove Emissions Remove Financing Remove Tax
article thumbnail

Government of Canada releases framework for ending fossil fuel subsidies

Green Car Congress

The Government of Canada’s commitment to eliminating inefficient fossil fuel subsidies signals both greater support for clean technology as well as emission reductions across the economy from traditional sectors. Canada is also committed to phasing out public financing of the fossil fuel sector.

Canada 150
article thumbnail

Stanford Energy Modeling Forum project confirms carbon pricing can be effective way to curb GHG emissions

Green Car Congress

The EMF 32 project , which launched in 2014, is an ongoing modeling exercise intended to assess emissions, energy and economic outcomes from a plausible range of US policies to reduce greenhouse gases (GHGs). Of course, a primary reason for implementing a carbon or GHG tax is to reduce emissions, but the revenue can serve other goals.

Carbon 207
article thumbnail

How to Save Big on a Tesla with Colorado’s New EV Tax Credit

EV Life

With climate change awareness increasing, gas prices continuing to climb, EV charging stations expanding, and tons of new EV options hitting the market each year, it’s no surprise that electric vehicle purchases are skyrocketing. By offsetting purchase costs, these incentives make emissions-free vehicles attainable for more residents.

article thumbnail

Electric Vehicle Spotlight: Financing a Tesla Model Y

EV Life

The negative impact of fossil fuel emissions on climate change and the environment has become an important issue facing the world today, and some of the biggest contributors are the gas-powered vehicles we drive every day. sec $7,500 Model Y Long Range $50,490 330 miles 135 mph 4.8

article thumbnail

Colorado Electric Vehicle Tax Credit Rises to $5,000

EV Life

The bill puts forth several measures aimed at advancing decarbonization in the state, including tax credits for industrial facilities to implement emission-reducing improvements, new spending for geothermal energy projects and geothermal electricity generation, the construction of sustainable aviation fuel production facilities, and more.

article thumbnail

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climate changes is projected to lead to harsher, more widespread droughts and more powerful storms. Reductions in Emissions. The US proposal is to cut emissions by 3 to 4% of the amount produced in 1990.

article thumbnail

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

The report from a task force assembled by the CEPS (Centre for European Policy Studies), a Brussels-based think tank, on European transport policy has concluded that the EU’s goal of a 60% greenhouse gas (GHG) emissions reduction in the transport sector in 2050 compared to 1990 levels is possible, but at a cost.

Emissions 210