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Fuel provisions in the Tax Relief bill

Green Car Congress

4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill, among its other provisions, contains a number of provisions related to energy (Title VII, Subtitle A) and within that, provisions related to fuels. Refined Coal.

Tax 231
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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuelsoil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150
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Kentucky electric cars now pay two taxes where gas cars only pay one

Baua Electric

Photo by Mobilus in Mobili on Flickr As of January 1st, Kentucky has implemented not one but two new taxes on electric vehicles, both of which are individually higher than what gas vehicles pay on similar units of energy. At the Kentucky Public Service Commission’s approved rate of 25c/kWh , this represents a 12% or 24% tax.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. The Family Clean Energy Rebate Program would use 60% of the funds from the carbon fee and use the model developed by Alaska’s oil dividend to provide a monthly rebate to every legal US resident to offset potential energy price increases.

Industry 259
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. This is, however, less than the 13% share projected in AEO2013 because of the lower prices of competing fuels in AEO2014. per year, from 21.5

Oil 290
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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. Of the fossil fuel subsidies, $70.2

Renewable 338
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Study: air pollution caused 1.1M deaths across Africa in 2019, toll from outdoor pollution rising

Green Car Congress

Fossil fuel combustion has driven an increase in outdoor air pollution that in 2019 killed 29.15 Specific recommendations include: Invest in clean renewable energy, in particular taking advantage of solar and wind power resources and reducing reliance on coal, oil, and gas. billion in 2020 to 4.3 billion by 2100.

Africa 397