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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

Green Car Congress

The report—titled “The Role of China in Mitigating Climate Change” and published in the journal Energy Economics , compares the impact of a stringent emissions reduction policy with and without China’s participation. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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Some will suffer greatly from climate change, 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.

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MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions

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A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. They found that the tax would raise $1.5

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Volvo XC40 Recharge EV to start at $53,990 in US before qualifying tax incentives

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The purchase of an XC40 Recharge may qualify for a federal tax credit of up to $7,500. inch driver display and nine-inch tablet-like touchscreen, dual zone automatic climate control with CleanZone technology, four USB-C ports and a rear park assist camera. State and local incentives could add further benefits.

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Climate Mayors EV Purchasing Collaborative: >140 cities and counties have committed to purchasing >2,100 EVs by 2020

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At the second-annual Climate Mayors Summit in Honolulu, Hawaii, 127 cities and 15 counties from across 38 states joined the Climate Mayors Electric Vehicle Purchasing Collaborative, and committed to purchasing more than 2,100 electric vehicles by the end of 2020.

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Fisker finesses the Inflation Reduction Act tax credit changes with binding sales contract; “Transition Rule”

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The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. At that time, this order process will close.

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New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

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US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp.,