Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

Green Car Congress

Changes in how transport is financed are essential if cities and nations are to deal effectively with the rapid growth in motor vehicle traffic and related environmental and health problems, including climate change, according to a new report by the Transport Research Laboratory released at Fifth Regional EST Forum in Asia by the Institute for Transportation and Development Policy (ITDP) and the Partnership for Sustainable Low Carbon Transport.

Biofuel and Ag organizations call for accountable life cycle analysis for SAF tax credits, DOE to lead

Green Car Congress

Growth Energy, American Farm Bureau Federation, National Biodiesel Board, National Corn Growers Association, National Farmers Union, and the Renewable Fuels Association sent a letter to the US Senate Committee on Finance and the US House of Representatives Committee on Ways and Means outlining its recommendations for a sound and effective sustainable aviation fuel (SAF) tax credit.

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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

This new CalSEED grant will fund the development of an EV Climate Loan platform. EV Life’s Climate Loan aims to lower the monthly cost of an EV by up to $200/month. The company’s first product is a web platform that makes it easier to find and finance an electric car.

2020 83

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 Is tax equity dead? by Bill Cooke.

Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. The loans for solar power, authorized under California’s AB 811 , are added as assessments to a homeowner’s property tax bills and are passed on to the new owner if a home is sold.

2009 150

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

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Preparing the US for the impacts of climate change. billion in FY 2014 budget); Assessing climate-change impacts in the United States; Launching a climate data initiative; and.

2013 207

MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). If policymakers had made their decision based on the broader costs to the economy, they would have gone with the option that was least expensive—and that’s the gasoline tax.

2013 241

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. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Significant tax reform will mean that more than 1 million people will no longer need to file a tax return.

2011 174

UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. A 100% first year tax allowance will also be provided for the purchase of electric vans subject to State Aid clearance. In his statement, the Chancellor may announce changes to taxes and new spending measures.

2009 167

Feature: Bridging the EV Affordability Gap

Clean Fleet Report

Rebates & Tax Credits Don’t Help Most Americans. Even though there are generous EV tax credits, rebates from states and utilities, and other incentives that can save drivers $10,000 or more per EV, most people aren’t aware these programs even exist.

Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

Chairman of the Homeland Security and Governmental Affairs Committee, released the details of their long-anticipated energy and climate change legislation on Wednesday, 12 May. The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles.

2010 180

2020 Keeling Curve Prize application period open; transportation and mobility category

Green Car Congress

Keeling Curve Prize finalists and winners are chosen by a panel of climate scientists, public policy experts, and researchers, including Achala Abeysinghe, Ph.D., of Microsoft; George Polk of Tulum Trust; and Jonathan Silver of Tax Equity Advisors, LLC. Climate Change EmissionsThe application period has opened for the 2020 Keeling Curve Prize, which awards $25,000 to each of 10 projects designed to reduce greenhouse gas emissions or increase their uptake.

2019 167

Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

Green Car Congress

Oceans, already expanding from warmth and melting glaciers, would rise, increasing coastal flooding; a chain reaction of climate changes is projected to lead to harsher, more widespread droughts and more powerful storms. Unfortunately, this conference focused primarily on setting a cap on carbon emissions and providing financial aid to developing countries to build capacities to adapt to the negative impacts of climate change. International Finance Corporation; and.

2009 207

Cummins to acquire Meritor in $3.7B deal

Green Car Congress

Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it. Cummins intends to finance the transaction using a combination of cash on the company’s balance sheet and debt and remains committed to maintaining its strong credit ratings.

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. The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. Climate Change Coal Emissions Natural Gas Oil Policy

2013 213

EV Life Product Updates – August 2020

EV Life

We’ve completely reimagined EV Life’s vehicle page design to help you shop for electric cars, understand charging, plan trips, estimate incentives, and save $200/mo on an EV Climate Loan—all in one place. (A EV Life makes it easier to find and finance your electric car.

2020 80

Why You Shouldn’t Give A Shit About the Federal Budget Deficit

Creative Greenius

It’s only made a difference to professional politicians who regularly wave the bloody shirt of deficits to try and scare the public and get them to spend less money on the poor, the sick, the disenfranchised and especially the environment while we simultaneously splurge like drunks in Vegas on phony wars, shameless subsidies for the dirty fossil fuel industries and tax breaks for rich people and big business. They figured the tax cuts would force government to cut spending.

2011 250

EC adopts Fit for 55 package of proposals; reducing net GHGs by at least 55% by 2030; all new cars zero-emission in 2035

Green Car Congress

The European Commission has adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels ( Fit for 55 ). The EC said that achieving these emission reductions in the next decade is crucial to Europe becoming the world’s first climate-neutral continent by 2050 and making the European Green Deal a reality.

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

To reinforce the incentives from emissions standards, member state governments can differentiate existing transport taxes according to the CO 2 emissions of vehicles and the energy content and CO 2 emissions of fuels. This should include carbon and energy taxing, for example, as proposed in the amendment of the Energy Tax Directive. The EU should continue to implement an ambitious differentiated co- financing rate for low-carbon TEN-T projects.

2013 180

Analysis concludes that current transportation policy in most US states will likely worsen GHG emission trends in US

Green Car Congress

In the 50-state assessment, no state received a higher grade than “B-,” and most states scored lower than “D,” demonstrating a lack of alignment between transportation and climate policies, according to the analysis. transportation policy with climate change and energy goals, and some put in place systems that effectively sabotage these goals. transportation, and ensure state fuel taxes can support all transportation modes. Climate Change Emissions Land use Policy

2010 180

Why You Shouldn’t Give A Shit About the Federal Budget Deficit

Creative Greenius

It’s only made a difference to professional politicians who regularly wave the bloody shirt of deficits to try and scare the public and get them to spend less money on the poor, the sick, the disenfranchised and especially the environment while we simultaneously splurge like drunks in Vegas on phony wars, shameless subsidies for the dirty fossil fuel industries and tax breaks for rich people and big business. They figured the tax cuts would force government to cut spending.

2011 150

Stanford Energy Modeling Forum project confirms carbon pricing can be effective way to curb GHG emissions

Green Car Congress

This study gathered together 11 modeling teams to run a common set of carbon tax scenarios, in order to explore how environmental and economic outcomes depend on the initial carbon tax rates, the rate at which the tax escalates, and how the government uses the revenue collected by the carbon tax. Of course, a primary reason for implementing a carbon or GHG tax is to reduce emissions, but the revenue can serve other goals. Weyant (2018) Climate Change Economics.

2018 183

Power Companies Driving Drunk With Power – If Only PG&E and SCE Didn’t Hate Rooftop Solar So Much We Might Meet Our AB 32 Emission Reductions.

Creative Greenius

And because of that, applying for the state rebate is an uglier process than filing your income taxes. The Greenius says if the utilities were serious about renewable energy and climate change they would finance our state’s AB 811 loans by funding the clean energy bonds that make the loans possible. Tags: Sustainability climate change environment fossil fuels renewable energy solar power AB 510 AB 811 DWP feed in tarrif net metering PG&E SCE

2010 197

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. The Cantwell-Collins plan is almost exactly what Mr. Obama proposed in the campaign and after first taking office–a 100 percent auction of permits and a large tax rebate to the public. Power plants would face an overall cap on emissions that would become more stringent over time; motor fuel may be subject to a carbon tax whose proceeds could help electrify the U.S.

2010 207

Oxy Low Carbon Ventures, Rusheen Capital Management create company to deploy Carbon Engineering’s direct air capture technology

Green Car Congress

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and to deploy Carbon Engineering ’s large-scale Direct Air Capture (DAC) technology.

2020 206

MIT Report Outlines System-Oriented Coordinated Polices for Reduction in Light-Duty Vehicle Petroleum Use and Emissions

Green Car Congress

We emphasize that this policy portfolio is not a substitute for an economy-wide carbon management policy (such as a carbon tax or cap-and-trade system). Without strong action, those numbers are expected to keep rising, but reducing the nation’s impact on global climate change and dependence on oil imports has proved problematic. Taxes on motor vehicle fuels should be increased by $0.10 Tags: Climate Change Emissions Fuel Efficiency Policy

2010 174

Superstars of AB 811 Rock Palm Desert @ EcoMotion Conference

Creative Greenius

Also Tax Collector, Auditor & Controller. He’s also the County Tax Collector and the County Controller and the County Auditor. Ann Livingston is the Sustainability Coordinator of the county and the woman in charge of their Climate Smart program. They’re already seeing tangible impacts from climate change in Boulder County and the need to cut emissions and use more renewable energy is taken seriously.

2009 163

Solar Powered Greenius Producing Massive South Bay Energy

Creative Greenius

As our climate change crisis worsens and spins out of control with each passing day there’s no time to spare for those of us whose job it is to educate and motivate our fellow citizens to actions that cut our greenhouse gas emissions. And when you hear the questions folks ask at events like these you instantly realize just how little people know and understand about what’s happening to our climate and their world.

2009 163

Greenius Goes All AB 811 Over Green Task Force

Creative Greenius

Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. I bring a passion that’s driven by my sense of urgency over our climate change crisis. Larry Sutton, the Account Executive from Southern California Edison, did the perfect job teeing up my solar financing presentation by sharing with all of us just how much SCE’s electric rates will be going up this year.

2009 163

Proposed US Transportation Reauthorization Plan Links Greenhouse Gas Reductions to Transportation Planning

Green Car Congress

Establishing a new program to finance planning, design, and construction of high-speed rail. The Fund is replenished by revenue collected from motor fuel taxes. The existing transportation reauthorization act, which is financed by the Highway Trust Fund, expires on 30 September 2009. The current user fees generate only enough revenue to finance a $35.1 Tags: Climate Change Emissions Infrastructure Policy

2009 174

The Most Powerful Greenius In America

Creative Greenius

My new solar system only needs to be 2 kilowatts now instead of 4 – which is good because solar’s still too damn expensive and the process for putting AB 811 financing in place is taking too damn long, (and that’s another Greenius post that I’m still working on). Somehow when they look in the mirror they don’t see the people who are the most responsible for the climate crisis we are now in, but the rest of us see them for who they really are.

2009 163

The Curious Case of the Torrance Enivornmental Commission

Creative Greenius

I introduced myself to Linda Cessna, the lead staff member, and someone I’ve been corresponding with since last year about the City’s participation in the the new solar financing program, AB 811. And if you’re not an environmentalist in this era of climate crisis, then you have no business being appointed to the Environmental Quality and Energy Saving Commission. It was obvious she didn’t know the difference between weather and climate.

2009 150

California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

It’s pretty swell all by itself, but it doesn’t work too well in the current state economic climate where IOUs have ruled and our ex movie star Governor has gone full on looney tunes taking to posting wacky YouTube videos interacting with his big old OJ style knife. Since it provides easy financing for solar PV and energy efficiency, AB 811 fits into all this like a hand-in-glove.

2009 163

UCLA/UC Berkeley law schools release policy paper on actions required to stimulate long-term, mass-adoption of electric vehicles; leveraging California

Green Car Congress

Reduce fees, taxes and upfront costs for electric vehicle owners and invest in battery research. Heightened public awareness, easy access to financing, reduced barriers to purchase, and a well-planned and maintained charging infrastructure will help the state become a leader in electric vehicle deployment by 2025.

2012 221

Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun

Creative Greenius

These owner-builders had no problem adding a climate-changing mini-mansion that sticks out like a sore thumb into our previously harmonious neighborhood, but they would have faced a big battle with the city if they had wanted solar panels because our city government and city staff don’t know much about solar and they haven’t proven to be too interested in helping people who want to change to clean, renewable energy – like me. It’s expensive and my clients don’t finance.

2009 190

The Greenius Goes Into Overdrive

Creative Greenius

As the climate change crisis goes from bad to worse (while the deniers get nuttier and more cult-like with each passing day) and Australia gives Californians an advanced sneak preview at what is without a doubt headed our way sooner than you expect , your Creative Greenius has only gotten more Fired Up, Ready to Go! In Manhattan Beach I’ve been watching the four committees of the ETF present their recommendations for the city council on water, waste, building and climate change.

2009 150

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion in 2014, nearly 17% higher than the previous year, according to the latest edition of an annual report commissioned by the United Nations Environment Program’s (UNEP) Division of Technology, Industry and Economic (DTIE) in cooperation with Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and produced in collaboration with Bloomberg New Energy Finance.

2015 215

Electric vehicles trends in India

Electric Vehicles India

According to an independent study by CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be a US$206 billion opportunity by 2030 if India maintains steady progress to meet its ambitious 2030 target. The newly registered private EVs will get a tax refund.

India 87

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. In Mexico, auto sales stalled through the first seven months of 2014, causing some concern that new tax policies implemented at the beginning of 2014 were hurting auto demand growth; however, motivated by incentives to help spark demand, light vehicle sales grew throughout the second half of the year.

2015 194

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Europe – The European Union has shown no signs of delaying its 2020/2021 95g CO2 target for passenger vehicles and plans to stay on course to become a climate-neutral economy by 2050.

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The KPMG study, “Expect the Unexpected: Building Business Value in a Changing World”, explores issues such as climate change, energy and fuel volatility, water availability and cost and resource availability, as well as population growth spawning new urban centers. The three nexuses are linked by climate change.

2012 254

Cash for Volts?

Revenge of the Electric Car

More details at: Group Seeks US Tax Credits To Spur Electric Car Use. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018. UPDATE:Group Seeks US Tax Credits To Spur Electric Car Use. to offer tax credits for buying all-electric plug-in vehicles as part of a $128 billion program to get seven million such cars on the road by 2018.

Volt 100

Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

Green Car Congress

The many new and expanded strong policy initiatives and green targets in China’s 12 th Five year Plan, released on 5 March 2011, provide “ clear evidence ” that China’s low-carbon policies remain global best-in-class, according to a new report from DB Climate Change Advisors (DBCCA). DBCCA is the brand name for the institutional climate change investment division of Deutsche Asset Management, the asset management arm of Deutsche Bank AG.

2011 188