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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

Their cost-effective synthesis procedure, coupled with the high stability of the photocatalyst, provides an economically feasible way to convert waste carbon dioxide and water into useful hydrocarbon fuels using sunlight. —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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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

Green Car Congress

The new decision will require significant reductions in CO 2 from aircraft and fuels themselves, supported by large private and public investments. 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.

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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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Give credit where it’s due! Hyundai calls for more EV support under Labor’s new CO2 reduction scheme

EV Central

The federal government’s tough new fuel efficiency standard has been endorsed by Hyundai – but with provisos. And it wants the $100 per gram fine proposed for exceeding CO2 emissions limits under the governments preferred ‘Option B’ version of the New Vehicle Efficiency Standard (NVES) reduced. 2024 Hyundai Ioniq 5 N.

Hyundai 106
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AirCapture, OCOchem and partners win $2.93M DOE grant for direct air capture of CO2 and conversion to formic acid

Green Car Congress

OCOchem transforms recycled CO 2 , water and zero-carbon electricity to produce formic acid, a globally traded commodity chemical and emerging electro-fuel. Almost every manufacturing plant in the world emits waste heat or CO 2 or both, notes Todd Brix, Co-Founder and CEO of OCOchem, based in Richland, Wash.