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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

The social cost of carbon has become the standard measure to benchmark the magnitude of the carbon taxes needed to implement optimal carbon policy. 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.

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

Green Car Congress

Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene. T&E calculates that a jet fuel tax applied proportionately to flight distances could raise €325 million if applied to all flights departing from the EU and UK.

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Give credit where it’s due! Hyundai calls for more EV support under Labor’s new CO2 reduction scheme

EV Central

And it wants the $100 per gram fine proposed for exceeding CO2 emissions limits under the governments preferred ‘Option B’ version of the New Vehicle Efficiency Standard (NVES) reduced. or 1.5 – and therefore subsidise CO2-emitting vehicles in the line-up. “So We can get to B, but we need some support.” 2024 Hyundai Ioniq 5 N.

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

Green Car Congress

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. Countries will develop national measures to cut emissions consistent with ICAO’s goal. gallon under the “Inflation Reduction Act”.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

The taxes fall into three broad categories: vehicle acquisition (VAT, sales tax, registration tax); ownership (annual circulation tax, road tax); and motoring (fuel tax). Motor tax revenues collected by governments have increased by almost 3% compared to the previous year, and the grand total of €440.4

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EIA: CO2 emissions from US power sector have declined 28% since 2005

Green Car Congress

The substitution of natural gas for other fossil fuels has largely been market-driven, as ample supplies of lower-priced natural gas and the relative ease of adding natural gas-fired capacity have allowed it to pick up share in electric power generation in many markets. In 2005, noncarbon sources accounted for 28% of the US electricity mix.

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Electric company car tax explained

Drive Electric

The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars. What is company car tax? How much is company car tax? Company Car Tax bands.

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