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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. The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. Setting such a high tax on carbon is probably unrealistic, especially in developing countries.

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also called on states to suspend their state gas taxes as well or to find other ways to deliver some relief.

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Lawmakers introduce bill to provide blender’s tax credit for Sustainable Aviation Fuel

Green Car Congress

Dan Kildee (MI-05) and Julia Brownley (CA-26), is supported at introduction by climate groups such as the Environmental Defense Fund and the World Wildlife Fund, and by industry groups, such as United Airlines, Airlines for America, LanzaJet, and the Airline Pilots Association. The legislation would create a tax credit starting at $1.50

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Volkswagen upgrades the 2024 ID.4 EV with more performance, power and technology

Green Car Congress

4 will be available in three trim levels: Standard/Pro, S and S Plus—with the option of 62 kWh or 82 kWh batteries, as well as rear-wheel- or all-wheel drive. 4 models continue with the standard 12-inch infotainment display, 82 kWh ID.4 4 models are eligible for the full potential Federal Tax Credit of up to $7,500.

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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).

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BC government unveils climate plan

Green Car Congress

The government of British Columbia recently unveiled its Climate Leadership Plan , targeting the reduction of net annual greenhouse gas emissions by up to 25 million tonnes below current forecasts by 2050 and the creation of up to 66,000 jobs over the next ten years. BC’s target is to reduce 2050 emissions 80% below 2007 levels.

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Is Taxing Carbon Really the Best Way to Decarbonize the Grid?

Energy Institute at HAAS

Our new research suggests clean electricity standards or subsidies might be more beneficial. Some economists and policy advocates present a carbon tax (or … Continue Reading Is Taxing Carbon Really the Best Way to Decarbonize the Grid? Today’s blog post is co-authored with Ryan Kellogg.

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