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Combating climate change via carbon credits | Autocar Professional

Baua Electric

In today’s world, climate change is a reality we have to contend with and among the various measures undertaken to combat it, carbon credits can prove to be an effective solution. Weaving a new framework in the climate space, carbon credits incentivize sustainable practices by assigning a financial value to reductions in GHG emissions.

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3.8% drop in EU’s greenhouse gas emissions in 2019; transport emissions rise

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in 2019, according to latest official data published by the European Environment Agency (EEA). The official data, submitted on behalf of the EU to the United Nations Framework Convention on Climate Change (UNFCCC), show that EU Member States managed to reduce collectively their emissions by 3.8% from 2018 to 2019.

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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

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In 2015, outside of road transport, 81% of emissions were untaxed, according to the report. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. In road transport, 97% of emissions are taxed. Governments should do more and better. —OECD Secretary-General Angel Gurría.

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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Australia Prime Minister Julia Gillard unveiled Australia’s carbon pricing plan—a core element in a new clean energy plan—in a short address to the nation. The Government intends to introduce legislation to underpin the carbon pricing mechanism into Parliament in the second half of 2011. a year in real terms.

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Clean Energy and Total to create JV to develop carbon-negative RNG and infrastructure in US; $50M from bp

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The companies have already partnered to expand the use of RNG in the heavy-duty truck market with its Zero Now program, which allows fleets to purchase natural gas trucks for the same price as diesel trucks. 50M from bp. Carbon-negative RNG is being used today by thousands of vehicles with more and more fleets requesting it every week.

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Ford poll finds Europeans want freedom of car ownership, but worry about traffic, cost of driving, environment

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A new Ford Motor Company-sponsored poll of 6,000 people across Europe found that most Europeans remain committed to car ownership, but have growing concerns about traffic congestion, the cost of driving and the environment. 52% use public transport less than once a month or never. 53% say climate change is the world’s biggest problem.