Remove Climate Remove Climate Change Remove Economy Remove Price
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. Results show that in more aggressive scenarios—i.e.,

article thumbnail

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.

article thumbnail

Why EVs Aren't a Climate Change Panacea

Cars That Think

“Electric cars will not save the climate. Behavioral change is hard How willing are people to break their car dependency and other energy-related behaviors to address climate change? In fact, some 74 percent of those polled indicated they were already “proud of what [they are] currently doing” to combat climate change.

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. C change by the end of the century. Without China, we miss that mark by about 1 °C.

article thumbnail

Canada’s First Ministers release Pan-Canadian Framework on Clean Growth and Climate Change

Green Car Congress

Canada’s First Ministers (The Prime Minister of Canada and the provincial and territorial premiers) issued a joint communiqué and released the Pan-Canadian Framework on Clean Growth and Climate Change following the First Ministers’ Meeting. The Framework outlines actions that will grow the economy while reducing GHG emissions.

article thumbnail

Final report of Garnaut Review Update recommends carbon pricing scheme for Australia to do its fair share on climate change

Green Car Congress

It will be much harder and more expensive for Australia to do its fair share on climate change without a carbon pricing scheme, according to the final report of the Garnaut Climate Change Review – Update 2011, Australia in the Global Response to Climate Change. Earlier post.) Earlier post.)

article thumbnail

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

Green Car Congress

Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. The report found that the share of emissions taxed above climate costs increased from 46% in 2012 to 50% in 2015, and rates exceed €50 per tCO 2 for 47% of emissions in 2015, compared to 37% in 2012. of emissions.