article thumbnail

MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

Green Car Congress

The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5,

article thumbnail

OECD: governments should make better use of energy taxation to address climate change; “meaningful” increases limited to road sector

Green Car Congress

Taxes are effective at cutting harmful emissions from energy use, but governments could make better use of them. Tax rates were below the low-end estimate of climate costs (EUR 30/tCO 2 ) for 97% of emissions. The report assesses the magnitude and coverage of taxes on energy use in 2015, and considers change between 2012 and 2015.

article thumbnail

Opinion: Ukraine’s Next Crisis? Economic [and energy] Disaster

Green Car Congress

Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. Key industry sources say they will potentially run out of coal in less than three weeks.

Ukraine 225
article thumbnail

BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel. The next ten years could see a massive expansion of steel capacity to meet demand in growing economies, such as India.

Hydrogen 221
article thumbnail

Study: air pollution caused 1.1M deaths across Africa in 2019, toll from outdoor pollution rising

Green Car Congress

Cities are expanding, economies are growing, and life expectancy has almost doubled. Specific recommendations include: Invest in clean renewable energy, in particular taking advantage of solar and wind power resources and reducing reliance on coal, oil, and gas. billion in 2020 to 4.3 billion by 2100.

Africa 397
article thumbnail

C2CNT process converts flue gas from natural gas power plant into carbon nanotubes

Green Car Congress

Direct, high yield, low energy, carbon negative transformation of carbon dioxide into the strongest material known, carbon nanotubes, is of importance as it incentivizes its consumption into a useful, stable product, to bypass the need for carbon levies or taxes and lower release of this global warming gas into the environment.

Carbon 353
article thumbnail

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. The Administration will also seek to expand bilateral cooperation with major emerging economies.

Obama 249