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This puts the US on track to meet its annual goals for GHG reduction under the Paris Climate Accord. If traffic remained reduced for one year, the reduction in VMT would allow California to meet half of its 2050 climate change target. Fuel use dropped from 4.6 It also resulted in fuel-tax revenue reductions, which vary by state.
In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fueltax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.
We have had a long debate about climate change 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. Transport fuels will be excluded from the carbon pricing mechanism.
And yet, super-rich super polluters are flying around like there’s no climate crisis. Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene. One operator reported an 11.3%
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).
This is clear in both words and actions, and the most recent example is the current Securities and Exchange Commission rulemaking on climate risk disclosures. Other federal agencies are following through on Biden campaign promises to make capital formation more expensive for traditional energy projects.
Sterner is lead author in the UN climate panel’s (IPCC) working group Mitigation of Climate Change. Sterner is also the editor of the new book FuelTaxes and the Poor, The Distributional Effects of Gasoline Taxation and Their Implications for Climate Policy , authored by 35 researchers. —Thomas Sterner.
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. These changes mainly result from fueltax reforms in China, India and Mexico, the report said.
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Imported fuels and products would also be charged the same carbon fee that domestic fuels and products play, unless the exporting nation has similar climate program and already charges a fee on carbon. Debt reduction.
In the 50-state assessment, no state received a higher grade than “B-,” and most states scored lower than “D,” demonstrating a lack of alignment between transportation and climate policies, according to the analysis. transportation, and ensure state fueltaxes can support all transportation modes.
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. While CO 2 prices are equivalent to fueltaxes, CO 2 prices at their projected levels are far too small to create a significant incentive to drive less.
The report calls for a 20-year “blueprint for action,” which includes creating an “Interstate Highway System Renewal and Modernization Program,” increasing the federal fueltax to help pay for it, and allowing tolls and per-mile-charges on more interstate routes. National Academy of Sciences.
The analysis was based on various combinations of policy options and technological improvements including new vehicle emission limits, increased fueltaxes, support for electric and hydrogen technologies, EU motorway speed limits and land transport’s inclusion in the EU’s emissions trading scheme (ETS).
More than 90% of such vehicles are powered by internal combustion engines burning oil-derived fuels. Encouraging the use of low-carbon alternatives is an essential part of meeting climate change targets as well as improving local air quality and health. Note the different scaling used in the graphs. McCollum et al. Click to enlarge.
EU climate policy aims to limit the global mean temperature increase from anthropogenic climate change to below 2 °C. This case assumes sufficient subsidy for widespread adoption of the lowest-emission vehicle, fuel, and capacity technology combination in each category.
The EU must push member states to align taxation levels of different fuels and vehicle types and stop indirect subsidies. Report Of The CEPS Task Force On Transport And Climate Change. Climate Change Emissions Europe Lifecycle analysis Policy' Member states should enforce speed limits in all modes. June 2013).
The policy package includes a new fuel economy readiness index, which measures the extent to which countries have implemented steps that will fully exploit the potential of existing fuel economy technologies and maximise their use in vehicles. Policy package.
However, the survey also found that the public may not yet be prepared for the tradeoffs and challenges needed to make these proposals a reality, with majorities rejecting measures such as a floor on gasoline prices, congestion charges, or higher fueltaxes. Energy prices, oil dependence and climate change.
Meanwhile, significant gains in vehicle fuel economy over the coming decades are possible and very much needed globally in order to address pressing issues of climate change, energy security and sustainable mobility. An alternative to a feebate that could raise similar revenue is raising fueltaxes by around $0.07
In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.
The obvious one is increased fueltaxes, but somehow governments need to make sure the benefits of better technology aren’t wiped out by increased demand for lower-priced fuel. Tags: Climate Change Electric (Battery) Emissions Europe Hybrids Hydrogen Oil. Jos Dings, T&E Director.
The Fund is replenished by revenue collected from motor fueltaxes. The situation has worsened with decreasing fuel purchases; the advent of more fuel-efficient vehicles in the future would also further stress the existing funding mechanism. Tags: Climate Change Emissions Infrastructure Policy. Chairman Oberstar.
per gallon fueltax by 2050) could result in an additional reduction of 28% in GHG emissions. Tags: Climate Change Emissions Policy. Strong economy-wide pricing measures (such as a $5.00 Cambridge Systematics, Inc. Moving Cooler: An Analysis of Transportation Strategies for Reducing Greenhouse Gas Emissions. Washington, D.C.:
Most automotive manufacturers say they plan to use renewable energy in the future, but for now, most battery production relies on electric grids largely powered by fossil fuels. Can EVs be good enough—and can manufacturers roll them out fast enough—to meet the goals set in 2021 by the 26th United Nations Climate Change Conference (COP26)?
In our national effort to reduce carbon emissions, we need a practical, all-of-the-above strategy to help us achieve America’s climate ambitions. However, America’s clean energy transition has been characterized by siloed thinking and inflexibility despite significant advances in low-carbon fuel alternatives.
Overall, we have substantial opportunities for reducing environmental and climate impacts from light-duty road vehicles. Founded in 2006, MITEI’s mission is to create low- and no-carbon solutions that will efficiently meet global energy needs while minimizing environmental impacts and mitigating climate change.
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