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OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

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Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. In 2015, outside of road transport, 81% of emissions were untaxed, according to the report. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions.

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

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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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California Senate President pro tem proposes carbon tax on transportation fuels

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California Senate President pro tempore Darrell Steinberg proposed a carbon tax on fossil transportation fuels to replace the coming cap and trade mandate on that sector in 2015. In 2020, the tax is estimated at 24¢/gallon—lower than the upward price risk under cap and trade at 40¢/gallon. A carbon tax is stable.

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U of Toronto study finds US electrification of LDV fleet not a silver bullet for tackling climate change in vehicle sector

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GtCO 2 (28% of the projected 2015–2050 light-duty vehicle fleet emissions). 2015–2050 US light-duty fleet cumulative CO 2 emissions versus CO 2 budget under prospective future developments. The paper is published in the journal Nature Climate Change. Tackling climate change is not a one-country, one-sector or one-technology job.

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Georgia Tech study projects potential mixed impacts of climate change policies on air quality

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They used the EPA US 9-region national database (EPAUS9r) with the MARKet Allocation (MARKAL) energy system model to develop emissions scenarios and spectral nudging to downscale global climate to the regional scale over the US. The GISS ModelE2 provides the initial and boundary conditions to a regional climate model for the years 2006?2010

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Lung Association report highlights health and climate costs of petroleum-based transportation and the benefits of shifting to ZEVs

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Of that $37 billion, health costs added up to $24 billion in 2015; the $24 billion represents the monetized sum of harmful emissions responsible for an estimated 220,000 work-loss days, more than 109,000 asthma exacerbations, hundreds of thousands of other respiratory impacts, and 2,580 premature deaths. in hidden health and climate costs.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 million, an increase of 2.4% North America.

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