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MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions

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A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. In the report— Carbon Tax Revenue and the Budget Deficit: A Win-Win-Win Solution?

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

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million in Carbon Recycling International (CRI). CRI, founded in 2006 in Reykjavik, Iceland, is developing technology to produce renewable methanol from clean energy and recycled CO 2 emissions. Renewable methanol is also a low-carbon feedstock for production of synthetic materials. —Li Shufu, Chairman of Geely Group.

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Growing Number of EU Countries Levying CO2 Taxes on Cars and Incentivizing Plug-ins

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EU countries with CO 2 -based taxation policies by year since 2006. By April last year, sixteen Member States had CO 2 -related taxation, up from fourteen in 2008, eleven in 2007 and nine in 2006. Cars with emission above 160 gCO 2 /km accounted for 23% of the market, compared to 39% in 2006 and to 80% in 1995. Data: ACEA.

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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Projected growth in world carbon dioxide emissions. World carbon dioxide emissions are projected to rise from 29.0 billion metric tons in 2006 to 33.1 In 2006, non-OECD emissions exceeded OECD emissions by 14%. million barrels per day in 2006, increases to 13.4 Source: IEO2009. Click to enlarge.

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EPA annual report on CO2, fuel economy and technology trends finds 2012 heading for all-time best; rapid adoption of new technologies

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The US Environmental Protection Agency (EPA) released its annual report summarizing key trends in carbon dioxide emissions, fuel economy, and CO 2 - and fuel economy-related technology for gasoline- and diesel-fueled personal vehicles sold in the United States, from model years (MY) 1975 through 2012. Source: EPA. Click to enlarge.

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Study Questions Lifecycle Emissions Benefits of Using CO2 for Enhanced Oil Recovery as a Method for Carbon Sequestration

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million the US Department of Energy recently awarded to carbon capture and storage research projects, $5.9 It is clear, that without displacement of a carbon intensive energy source, CO 2 -EOR systems will result in net carbon emissions. Tags: Carbon Capture and Storage (CCS) Lifecycle analysis Oil. Of the $21.6

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New Molecule Could Lead to New CO2 Capture Methods

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An unusual bowl-shaped molecule that pulls carbon dioxide out of the air may provide new possibilities for dealing with global warming. Tossell of the University of Maryland notes in the new study that other researchers (Brooks 2006) discovered the molecule—a macrocyclic amidourea—while doing work unrelated to global climate change.

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