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A bi-partisan Congressionally-created commission has recommended a shift from motor fueltaxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The nation faces a crisis. Summary of revenue options.
The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. These funding sources support construction and maintenance of the highway system.
As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fueltax increase of $0.19 The increased fueltax is intended to be in lieu of an increase in tolls. per gallon—a 81% increase of the current $0.235 per gallon.
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).
Under the scheme, around 500 of the largest emitters in Australia—facilities that have direct greenhouse gas emissions of 25,000 tonnes of CO 2 -equivalent per year or more (excluding emissions from transportfuels and some synthetic greenhouse gases)—will need to buy and surrender to the Government a permit for every tonne they produce.
In January 2023, state taxes and fees on gasoline and diesel fuel averaged $0.3163 per gallon (gal) of gasoline and $0.3388/gal of diesel fuel, according to the US Energy Information Administration (EIA). These taxes have increased in 13 states since July 2022. In 2023, the state plans to phase the tax back in by $0.05/gal
The US has up to now adhered to the user-fee principle in financingtransportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fueltax. In the meantime, cars and trucks have become more fuel-efficient. States use similar mechanisms. —Huang et al.
Among the proposals in the new US highway and transportation funding reauthorization bill, outlined by House Committee on Transportation and Infrastructure Chairman James L. in a press conference last week, is the linkage of transportation planning with greenhouse gas emissions reductions. Oberstar (D-Minn.) Mica (R-Fla.)
US states are in a unique position to bring down transportation-related GHG emissions, given their primary role in setting statewide transportation policy and directing large amounts of transportation funding. However, most states use few of the available transportation policy tools to reduce.
The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%
How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. The detailed report— Need Nickel? Nickel is no exception. —“Need Nickel?”.
In spring the Chancellor presents the annual Budget statement, which includes a detailed assessment of the state of the economy and the nation’s finances. In his statement, the Chancellor may announce changes to taxes and new spending measures. Tags: Climate Change Electric (Battery) Emissions Europe Fuels Policy.
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.
The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). When it does not, the gas tax rate has to be adjusted accordingly in order for us to meet our obligation under the law and fully fund the state’s many pressing transportation infrastructure needs. —State Treasurer Elizabeth Maher Muoio.
Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportationfuels, which account for 68% of energy consumed in the US.
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. Climate Change Emissions Fuel Efficiency Fuels Heavy-duty Policy'
Add to that the advent of autonomous vehicles and new business models such as ride hailing and car sharing, and we could be on the brink of major disruption in the transportation sector. Bloomberg New Energy Finance estimates battery cost will decline by almost 10% until 2025, when ZEVs will reach price parity with ICE vehicles.
These provisions will ultimately strengthen the industries producing low carbon fuel alternatives and position the U.S. to meaningfully reduce transportation greenhouse gas emissions, our nation’s highest emitting sector. Heavy-duty trucks will need advanced biofuels for some time.
Convincing millions of consumers to go electric will require a massive upfront investment to drastically scale charging access, Nick Nigro, founder of the transportation-focused consultancy Atlas Public Policy, told Insider. “Now the federal government is in a position to look at all electric transportation with that same lens.”
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