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. 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.

Tax 397
article thumbnail

Santos reports successful CO2 capture and storage injection trial in Moomba CCS project

Green Car Congress

We will need an approved methodology for CCS to be in place with the Clean Energy Regulator before we take a final investment decision on our Moomba CCS Project because carbon credits are essential to make it stack up economically with the cost of abatement still at around A$30 per tonne.

CO2 243
article thumbnail

GWU team demonstrates highly scalable, low-cost process for making carbon nanotube wools directly from CO2

Green Car Congress

This synthesis consumes only CO 2 and electricity, and is constrained only by the cost of electricity. The process is constrained by the (low) cost of electricity. Efficacious climate mitigation by CO 2 transformation requires a massive market, and product stability and compactness. —Johnson et al. Johnson et al.

Low Cost 300
article thumbnail

Study finds technology cost of achieving European 2020 LDV CO2 targets more than offset by resultant fuel savings

Green Car Congress

A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. —“An Economic Assessment of Low Carbon Vehicles”.

Cost Of 261
article thumbnail

European Parliament calls for fast action to cut non-CO2 climate forcers

Green Car Congress

The European Parliament is calling for fast action to reduce non-CO 2 climate forcers including black carbon soot, hydrofluorocarbons (HFCs), methane, and ground-level ozone, which together are responsible for nearly half of climate forcing. Because these climate forcers are short-lived, reducing them produces a fast climate response.

Climate 225
article thumbnail

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

The costs of operating existing coal power plants across the United States and many European power systems were considerably lower than those of gas power plants for the majority of 2021. The use of coal for electricity generation in 2021 was intensified by record high natural gas prices.

Emissions 370
article thumbnail

Bosch study highlights potential of e-fuels to reduce CO2 emissions

Green Car Congress

If the climate targets set by the Paris conference are to be achieved, CO 2 emissions from traffic worldwide will have to be reduced 50% over the next four decades, and by at least 85% in the advanced economies, Bosch notes. Achieving our future climate targets calls for other intelligent solutions apart from electromobility.

Emissions 210