article thumbnail

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

The price ceiling will be set at A$20 above the expected international price and will rise by 5% in real terms each year. Transport fuels will be excluded from the carbon pricing mechanism. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise.

article thumbnail

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. International sources. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) per year over a 10-year period. Rebate program.

article thumbnail

Belfer Center report calls for policymakers to begin taking steps to change policies for funding US transportation infrastructure

Green Car Congress

The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fuel tax. In the meantime, cars and trucks have become more fuel-efficient. States use similar mechanisms. —Huang et al.

article thumbnail

Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

Green Car Congress

Based on 12,330 miles driven per year, the pure battery electric Nissan Leaf has lower five-year and 10-year life cycle costs than the internal combustion Hyundai Elantra and the plug-in hybrid Chevrolet Volt, even without the federal government incentive. The average Californian drives 14,435 miles every year.

article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Leading international efforts for GHG emission reductions and adaptation. Leading international efforts for GHG emission reductions and adaptation. Burning natural gas is about one-half as carbon-intensive as coal, which can make it a “bridge fuel” for many countries as the world transitions to even cleaner sources of energy.

Obama 249
article thumbnail

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

Adequacy requires the measures, in their entirety, to have the potential to meet the target while neither undermining the internal market for transport nor its affordability. The EU must push member states to align taxation levels of different fuels and vehicle types and stop indirect subsidies.

Emissions 210
article thumbnail

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

As a result, BCG concludes, the electric car faces stiff competition from ICEs (internal combustion engines) and, based solely on total cost of ownership (TCO) economics, will not be the preferred option for most consumers. BCG finds that ICE technologies can reduce CO 2 emissions up to 40% at a cost as low as $50 per percentage of reduction.

CO2 246