article thumbnail

California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

Green Car Congress

An annual ' tracking the progress of California Climate Investments, released by the California Air Resources Board and the California Department of Finance, finds that nearly $1.4 billion in new funding last year went to projects across all of California’s 58 counties—almost double the $720 million spent in 2017. To date, $9.3

article thumbnail

Feature: Bridging the EV Affordability Gap

Clean Fleet Report

In the Build Back Better Act, Congress proposed making the federal EV tax credit refundable and transferable through financing, making it easier for the middle class to save $7,500 on tax credits at point of sale or finance. The post Feature: Bridging the EV Affordability Gap first appeared on Clean Fleet Report.

article thumbnail

Next 10-UC Berkeley study suggests additional tax revenue or income-based rate structure to make electricity more affordable for Californians

Green Car Congress

Income-based fixed charge: A potentially more politically feasible option could be rate reform—moving utilities to an income-based fixed charge that would allow recovery of long-term capital costs, while ensuring all those who use the system contribute to it and also keeping costs affordable for all families. —En Banc White Paper.

article thumbnail

IRENA: doubling global share of renewable energy by 2030 could save trillions annually from avoided expenditures on pollution and climate change

Green Car Congress

Achieving this would increase the cost of the global energy system by roughly USD $290 billion per year in 2030, but the savings achieved through this doubling—due to avoided expenditures on air pollution and climate change—are up to 15 times higher than this cost.

article thumbnail

MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

Green Car Congress

Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. Broad public support for bold action does not exist in the United States.

article thumbnail

CARB releases 2022 draft Scoping Plan update

Green Car Congress

The California Air Resources Board (CARB) has released the draft 2022 Climate Change Scoping Plan —the third update to the state’s initial 2008 Scoping Plan. The draft 2022 Climate Change Scoping Plan was developed by the California Air Resources Board in collaboration and coordination with multiple state agencies.

article thumbnail

Royal Society Report Concludes Geoengineering and its Consequences May be the Price for Failure to Act on Climate Change; Recommendations for Plan B

Green Car Congress

It is an unpalatable truth that unless we can succeed in greatly reducing CO 2 emissions we are headed for a very uncomfortable and challenging climate future, and geoengineering will be the only option left to limit further temperature increases. Professor John Shepherd, chair of the Royal Society’s geoengineering study.