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

Green Car Congress

The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. If we were able to measure this social cost accurately, standard Pigouvian logic tells us that the optimal tax should be such that the price of carbon is equal to this social cost.

Tax 397
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Researchers develop titanium and copper heterostructured photocatalyst for conversion of CO2 into CH4

Green Car Congress

The escalating carbon dioxide (CO2) emissions and the consequent acceleration of climate change are alarming, and it has proven challenging to find feasible ways to actively reduce the concentration of CO2 in the atmosphere. —Prof In. 2020.119344.

CO2 324
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T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

T&E calculates that a jet fuel tax applied proportionately to flight distances could raise €325 million if applied to all flights departing from the EU and UK. European policymakers need to urgently start taxing fossil-fuel powered private jets and ban their use by 2030.

Emissions 418
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T&E study finds plug-in hybrids show higher CO2 emissions than claimed

Green Car Congress

T&E said governments should therefore end the purchase subsidies and tax breaks for plug-in hybrids. Plug-in hybrids are fake electric cars, built for lab tests and tax breaks, not real driving. Selling plug-in hybrids makes it easier for carmakers to meet their EU car CO2 standards as PHEVs are currently given additional credits.

Plug-in 243
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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

Green Car Congress

Europe is expected to lead through proposals under its “Fit for 55” package, including clean fuel mandates, carbon pricing, and ending tax exemptions for jet fuel. Countries will develop national measures to cut emissions consistent with ICAO’s goal. gallon under the “Inflation Reduction Act”.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand total of €440.4

Motor 284
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EIA: CO2 emissions from US power sector have declined 28% since 2005

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This growth has been driven largely by state policies and federal tax incentives that encouraged adoption of renewables. Increases in electricity generation from noncarbon power sources since 2005 also had an effect on emissions from power generation. In 2005, noncarbon sources accounted for 28% of the US electricity mix.

2005 414