Remove Climate Remove CO2 Remove Market Remove Price
article thumbnail

T&E: Rising use of private jets sends CO2 emissions soaring

Green Car Congress

And yet, super-rich super polluters are flying around like there’s no climate crisis. The upside is that the private jet market is ideally suited to help bring about aviation’s Tesla moment, making hydrogen and electric planes a reality. Flying on a private jet is probably the worst thing you can do for the environment.

Emissions 418
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

Euro Parliament committee backs revised CO2 standards for cars and vans; zero-emission road mobility by 2035

Green Car Congress

The European Parliament Committee on the Environment, Public Health and Food Safety (ENVI) adopted this week, with 46 votes in favor, 40 against and two abstentions, a position on proposed rules to revise the CO 2 emission performance standards for new cars and vans in line with the EU’s increased climate ambition.

Emissions 284
article thumbnail

Toyota a winner as CO2 reduction plan introduced to parliament with less pressure on SUVs and utes

EV Central

Australia is on schedule to have a CO2 reduction scheme for motor vehicle in place by January 1 2025. Hyundai calls for more EV support under Labor’s new CO2 reduction scheme READ MORE: It’s a green light for electric vehicles! Aussie CO2 standard tough on Toyota, SUVs and utes READ MORE: Get out of the way diesel!

CO2 90
article thumbnail

Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Honda’s combined agreements for the output of 320 MW of renewable generation capacity will result in the purchase of 1.012 million MWh of electricity per year, making it the largest renewable energy procurement commitment for an automaker and one of the largest VPPA commitments in the US market.

Honda 299
article thumbnail

ICAO establishes 2050 net-zero CO2 emission goal for international aviation

Green Car Congress

The agreement is exciting, in part because ICAO has stopped pretending to be a global climate cop. Europe is expected to lead through proposals under its “Fit for 55” package, including clean fuel mandates, carbon pricing, and ending tax exemptions for jet fuel. gallon under the “Inflation Reduction Act”.

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. If we were able to measure this social cost accurately, standard Pigouvian logic tells us that the optimal tax should be such that the price of carbon is equal to this social cost. The price of carbon should then be set at this price, everywhere.

Tax 397