Remove 2005 Remove Carbon Remove Congress Remove Tax
article thumbnail

EIA: CO2 emissions from US power sector have declined 28% since 2005

Green Car Congress

US electric power sector CO 2 emissions have declined 28% since 2005 because of slower electricity demand growth and changes in the mix of fuels used to generate electricity, according to the US Energy Information Administration (EIA). Source: US EIA, US Energy-Related Carbon Dioxide Emissions , 2017.

2005 414
article thumbnail

Study suggests neither cap-and-trade nor carbon tax have made significant impact on reducing GHG emissions

Green Car Congress

The European Union implemented a cap and trade scheme in 2005 for reducing carbon emissions; Scandinavian nations (including the non-EU state of. Norway) had independently imposed a carbon tax in the 1990s as part of their effort to reduce carbon emissions. —Freedman et al. Freedman, M., Freedman, O.

Tax 244
article thumbnail

Viridos raises $25M in Series A for algae-based jet and diesel fuel

Green Car Congress

Viridos (founded as Synthetic Genomics (SGI) in 2005) ( earlier post ) has raised a $25-million Series A equity investment. SAF and RD made from Viridos algae oil are expected to have a 70% reduced carbon footprint. The Series A was led by Breakthrough Energy Ventures (BEV) and joined by Chevron USA. and United Airlines Ventures.

Diesel 243
article thumbnail

T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

CO 2 emissions from private jets in Europe increased by nearly a third (31%) between 2005 and 2019, rising faster than commercial aviation emissions, according to a new report from environmental campaign group Transport & Environment (T&E). The report, Private jets: can the super-rich supercharge zero emission aviation?

Emissions 418
article thumbnail

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 fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. We need both a policy like a carbon tax and to put more R&D money into renewables.

Chicago 150
article thumbnail

SAE World Congress panel highlights progress on H2 infrastructure and fuel cell vehicle commercialization

Green Car Congress

Although the SAE World Congress has been running panel sessions on fuel cell vehicle commercialization since 2005, this year was the first in which three participating automakers—Toyota, Hyundai and Honda—had fuel cell vehicles that customers can buy now or within a year. Earlier post.) Earlier post.) Earlier post.).

Congress 150
article thumbnail

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

Green Car Congress

The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5, we’re really being left behind.”.