Remove Climate Change Remove Coal Remove Industry Remove Tax
article thumbnail

MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

Green Car Congress

A new report from the MIT Joint Program on the Science and Policy of Global Change shows the importance of all major nations taking part in global efforts to reduce emissions—and in particular, finds China’s role to be crucial. The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility.

article thumbnail

Perspective: The Role of Offsets in Climate Change Legislation

Green Car Congress

For example, a covered source (an entity in the power generation, chemicals, steel, and cement industries) can make reductions beyond its compliance obligations and then sell these reductions as credits to other covered sources. coal-fired power plants) would either be required by the emissions cap. 3) Measurement.

article thumbnail

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon.

article thumbnail

Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

billion—are attributable to corn-based ethanol, the climate effects of which are disputed. billion went to traditional sources—such as coal and oil—and $2.3 billion went to carbon capture and storage, which is designed to reduce greenhouse gas emissions from coal-fired power plants. Of the fossil fuel subsidies, $70.2

Renewable 338
article thumbnail

EIA: CO2 emissions from US power sector have declined 28% since 2005

Green Car Congress

Slower electricity demand growth and changes in the electricity generation mix have played nearly equal roles in reducing US power sector CO 2 emissions. US electricity demand has decreased in 6 of the past 10 years, as industrial demand has declined and residential and commercial demand has remained relatively flat.

2005 414
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

We have had a long debate about climate change in this country. Most Australians now agree our climate is changing, this is caused by carbon pollution, this has harmful effects on our environment and on the economy—and the Government should act.

article thumbnail

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Preparing the US for the impacts of climate change. The Better Buildings Challenge targets helping American commercial and industrial buildings becoming at least 20% more energy efficient by 2020. Preparing the US for the impacts of climate change. Providing a toolkit for climate resilience.

Obama 249