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

However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. More than 50% of the funds raised from the carbon price will be used to fund tax cuts, pension increases and higher family payments. Increasing the tax-free threshold and cutting taxes also boosts incentives to work.

article thumbnail

NRG and GenOn to Merge to create largest competitive power generation company in the US; 47,000 MW net combined capacity

Green Car Congress

signed a definitive agreement to combine the two companies in a stock-for-stock tax-free transaction. NRG and GenOn combined have invested more than $3 billion since 2000 to reduce emissions. NRG Energy, Inc. and GenOn Energy, Inc.

Companies 210
article thumbnail

Nine EVs that lease for under $400/month: Ioniq 5, Solterra, Niro, Ioniq 6, more

Baua Electric

Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) There’s a loophole in the stricter IRA federal tax credit that only applies $3750 rebates on North American-built cars and separately $3750 on domestic batteries. For whatever reason, all EVs get the full $7500 applied to leases, however.

Hyundai 52
article thumbnail

Audi banking on Gen 2 3.0L TDI diesel for US sales; calls for a “fair shot” for diesel

Green Car Congress

Do they get state or federal tax breaks? In fact in 6 of the states, diesel fuel is penalized with additional state taxes. So diesel fuel gets taxed twice or penalized twice at the federal and state level. TDI is raised to 2000 bar, helping increase the power output and reduce emissions. Click to enlarge.

Diesel 366
article thumbnail

Traveling Through Time, Exploring the String Theory and Hugging the Giant Sequoias

Creative Greenius

In one of those alternative realities Al Gore got elected President in 2000 and because he understood what was happening with CO2 and other greenhouse gas emissions he made cutting emissions, and developing renewable and clean energy sources our country’s focus and goals.

Al Gore 277
article thumbnail

PPIC Survey Finds Californianss Support for Policies to Curb Warming Slips With Economy and Budget Crisis; Partisan Split Widens

Green Car Congress

Carbon tax: Californians are more in favor (56% support, 35% oppose) of taxing companies for their emissions but are sharply divided along party lines on this issue as well, with 73% of Democrats in favor and 60% of Republicans opposed. Independents are divided (47% support, 44% oppose). Air quality.

Economy 170
article thumbnail

Traveling Through Time, Exploring the String Theory and Hugging the Giant Sequoias

Creative Greenius

In one of those alternative realities Al Gore got elected President in 2000 and because he understood what was happening with CO2 and other greenhouse gas emissions he made cutting emissions, and developing renewable and clean energy sources our country’s focus and goals.

Al Gore 150