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

Green Car Congress

These heterogeneous effects mean that different countries will have differing incentives to abide by the Paris Agreement, which aims to limit global warming below 2 °C relative to pre-Industrial levels. Under the business-as-usual scenario, a global temperature increase of 2°C relative to pre-industrial levels is reached in the year 2043.

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California reduces tax on dimethyl ether (DME) fuel to be consistent with other alternative fuels; enabling retail sales

Green Car Congress

The California state legislature passed and the Governor signed into law a bill ( AB-2663 ) that lowers the Use Fuel Tax rate of dimethyl ether (DME) from $0.18 per gallon of DME-propane fuel blend used on or after 1 July 2021 (the same tax rate as propane, $0.06 per gallon of DME used and $0.06 per gallon).

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Thailand’s EV industry growing rapidly

Green Car Congress

According to the Electric Vehicle Association of Thailand, the number of companies that are part of Thailand’s electric vehicle industry has risen significantly since 2015, from 76 to 420 in 2019. million units in 2018. Thailand is making great progress in the area of sustainable mobility.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

Congress 259
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Unifrax to build large-scale silicon fiber anode manufacturing line

Green Car Congress

The proven industrial-scale processes eliminate supply chain concerns over mass adoption. Our track record and proven ability to develop new and unique technologies will help transform the battery industry with SiFAB. million in conditional tax credits based on the company’s job creation plans. Source: Unifrax.

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Killing IRA EV tax credits will ruin US EV and battery industries – Princeton study

Electrek

A new study from the REPEAT Project led by Princeton Universitys ZERO Lab warns that the repeal of Inflation Reduction Act (IRA) tax credits could decimate the growing EV manufacturing sector.

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Lawmakers introduce bill to provide blender’s tax credit for Sustainable Aviation Fuel

Green Car Congress

Dan Kildee (MI-05) and Julia Brownley (CA-26), is supported at introduction by climate groups such as the Environmental Defense Fund and the World Wildlife Fund, and by industry groups, such as United Airlines, Airlines for America, LanzaJet, and the Airline Pilots Association. The legislation would create a tax credit starting at $1.50