article thumbnail

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

Green Car Congress

Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement. The price of carbon should then be set at this price, everywhere.

Tax 397
article thumbnail

Study finds limited evidence that carbon tax rebates have increased public support for carbon pricing

Green Car Congress

In a study published in Nature Climate Change , an international research team reports finding limited evidence that individual or household rebates have increased public support for carbon taxes in Canada and Switzerland. —Mildenberger et al. Background.

Carbon 186
article thumbnail

Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Trading Economics global macro models and analysts expectations forecast battery-grade lithium carbonate to trade at 504,813 CNY (US$74,000) per tonne in 12 months time. Lithium carbonate is forecast to trade near its high. Lithium is expected to trade at 484,185.00 by the end of this quarter. Earlier post.). Source: Trading Economics.

Carbon 483
article thumbnail

Elon Musk introduces his new right-wing fans to a carbon tax; goes as well as you’d expect

Electrek

Elon Musk is introducing his new right-wing fans to the idea of implementing a carbon tax, and it goes about as well as you would expect.

Tax 124
article thumbnail

Pyka awarded $7M California tax credit to expand manufacturing of zero-emission autonomous aircraft

Green Car Congress

Pyka, a developer of autonomous electric aviation technology, was awarded a $7-million California Competes Tax Credit with the California Governor’s Office of Business and Economic Development (GO-Biz), approved last week by the California Competes Tax Credit Committee.

article thumbnail

Is Taxing Carbon Really the Best Way to Decarbonize the Grid?

Energy Institute at HAAS

Some economists and policy advocates present a carbon tax (or … Continue Reading Is Taxing Carbon Really the Best Way to Decarbonize the Grid? Our new research suggests clean electricity standards or subsidies might be more beneficial. Today’s blog post is co-authored with Ryan Kellogg.

Tax 121
article thumbnail

BNEF: global carbon capture capacity due to rise sixfold by 2030

Green Car Congress

The global capacity for carbon capture in 2030 is set to increase sixfold from today’s level, to 279 million tons of CO 2 captured per year, according to research company BloombergNEF’s (BNEF) newly released 2022 CCUS Market Outlook. The amount of CO 2 being captured today is 43 million tons, or 0.1% of global emissions.

Carbon 293