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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

The price ceiling will be set at A$20 above the expected international price and will rise by 5% in real terms each year. Transport fuels will be excluded from the carbon pricing mechanism. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise.

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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

Leading international efforts for GHG emission reductions and adaptation. Leading international efforts for GHG emission reductions and adaptation. Burning natural gas is about one-half as carbon-intensive as coal, which can make it a “bridge fuel” for many countries as the world transitions to even cleaner sources of energy.

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