Remove Carbon Remove Climate Change Remove Energy Remove Universal
article thumbnail

Study: 25% EV adoption would save US $17B annually from avoided climate change & pollution damages

Green Car Congress

A new study led by researchers from Northwestern University projects that if electric vehicles replaced 25% of combustion engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution.

article thumbnail

Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

Some will suffer greatly from climate change, while others may even benefit. A study by University of Chicago economist Esteban Rossi-Hansberg, the Glen A. The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy.

Tax 397
article thumbnail

Rio Tinto to invest $1 billion over 5 years to help meet new climate change targets

Green Car Congress

Mining giant Rio Tinto will invest around $1 billion over the next five years to support the delivery of its new climate change targets and a company objective for net zero emissions from operations by 2050. Under these targets, Rio Tinto’s overall growth between now and 2030 will be carbon neutral.

article thumbnail

Rio Tinto validates BioIron process for low-carbon iron-making; biomass and microwave energy

Green Car Congress

Rio Tinto has shown the effectiveness of a low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonize the steel value chain. Earlier post.) Earlier post.)

Carbon 199
article thumbnail

IEEE’s Plan To Help Combat Climate Change

Cars That Think

The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. that provides buildings with energy-efficiency solutions. Why should IEEE be involved in combating climate change? His answers have been edited for clarity.

article thumbnail

Why EVs Aren't a Climate Change Panacea

Cars That Think

“Electric cars will not save the climate. It is completely wrong,” Fatih Birol , Executive Director of the International Energy Agency (IEA), has stated. For instance, Alexandre Milovanoff at the University of Toronto and his colleagues’ research (which is described in depth in a recent Spectrum article ) demonstrates the U.S.

article thumbnail

Report finds says “negative emissions technologies” need to play a large role in mitigating climate change

Green Car Congress

To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change, according to a new report from the National Academies of Sciences, Engineering, and Medicine.