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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. The concept is the same embodied in Audi’s e-gas project ( earlier post ), to which the VGV proposal makes continued reference.
A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The nation faces a crisis.
If you already drive an EV, you might wonder, “Why all the fuss about EV tax credits?” Maybe you already took advantage of the federal tax credit or bought your EV without it because you care about tech, climate, or long-term savings. But here’s why those tax credits still matter—and why they’re worth defending.
A national phone survey by the Mineta Transportation Institute (MTI) found that a majority of Americans would support higher taxes for. The survey results show that very low support levels for a one-time gas-tax increase or a new mileage tax can be raised by modifying how the tax is structured and the way it is described.
Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced the latest in a series of discussion drafts to overhaul the US tax code. This new staff discussion draft focuses energy tax policy on stimulating domestic, clean production of electricity and transportation fuels, which account for 68% of energy consumed in the US.
The Minnesota Department of Transportation (Mn/DOT) will recruit 500 people from Wright and Hennepin counties to take part in research to test technology that could someday be used to collect a mileage-based user fee (MBUF) in lieu of a gasoline tax. These funding sources support construction and maintenance of the highway system.
As we’ve previously explained, cutting the EV tax credits now would be a costly mistake. If the EV tax credits are rolled back: People will lose hundreds of thousands of jobs, and companies will lose billions of dollars in investments. The tax credits help build domestic supply chains and energy security.
Skip to content Menu Home About Contributors Open Menu Overlay Energy Institute Blog Research that Informs Business and Public Policy Posted 2 hours ago by Maximilian Auffhammer Uncategorized Taxing the Distance What if we taxed miles not gallons? If you come to this blog, you will get a lecture about taxes. Their findings?
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). Implications for energy and climate policy in the United States Karplus, V.J.,
introduced legislation that would set an escalating fee on greenhouse gas emissions from large stationary sources to fund investments in energy efficiency and sustainable energy technologies and also provide rebates to consumers to offset increases in energy prices. Among the financing provisions of the legislation are: Price on carbon.
The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). In order to ensure the state has the funds necessary to support these projects, the law dictates that the Petroleum Products Gross Receipt (PPGR) tax rate must be adjusted accordingly to generate roughly $2 billion per year. million.
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. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).
Alaska Governor Sean Parnell proposed a $355-million financial package for construction of a natural gas liquefaction plant on Alaska’s North Slope and a Fairbanks-area natural gas distribution system through the private sector, and an area-wide utility. —Gov.
As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fuel tax increase of $0.19 The increased fuel tax is intended to be in lieu of an increase in tolls. Future increases in the state fuel tax would follow the Consumer Price Index.
Düsseldorf, Germany-base E.ON, one of the world’s largest investor-owned power and gas companies, is adopting a new strategic direction under which is will split itself in two. one of the leading players in the natural gas business. itself will focus on renewables, distribution networks, and customer solutions. SE shareholders.
Under the scheme, around 500 of the largest emitters in Australia—facilities that have direct greenhouse gas emissions of 25,000 tonnes of CO 2 -equivalent per year or more (excluding emissions from transport fuels and some synthetic greenhouse gases)—will need to buy and surrender to the Government a permit for every tonne they produce.
The American Power Act, released as a discussion draft, targets reducing greenhouse gas (GHG) emissions by at least 4.75% compared to 2005 levels by 2013; by at least 17% compared to 2005 levels by 2020; by at least 42% compared to 2005 levels by 2030; and by at least 83% compared to 2005 levels by 2050. compared to 2005 levels.).
One popular disinformation theme is that there is a federal mandate requiring everyone to ditch their gas burner and switch to an EV. Automakers can meet the goals by manufacturing hybrids, plug-in hybrids, fuel-efficient gas cars, or any other viable technology that reduces tailpipe pollution.
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. Here’s my proposal for. Goal of Task Force.
in a press conference last week, is the linkage of transportation planning with greenhouse gas emissions reductions. DOT, through performance measures, would verify that States and metropolitan areas achieve progress towards national transportation-related greenhouse gas emissions reduction goals. Oberstar (D-Minn.) Mica (R-Fla.)
LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Planning for new nuclear generation continues, but faces challenges in financing stemming from high capital costs, long lead times in licensing and construction, and rising cost projections.
Republicans themselves created these huge deficits, which started after their huge tax cuts for gazillionaires in the 80′s, and they never went away. They figured the tax cuts would force government to cut spending. So stop panicking like little schoolboys in a rectory. How the hell can the Federal govt.
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.
Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). In this part 2 article, we’ll dive deeply into the elimination of the per manufacturer 200,000 EVs sold phaseout.
While Russia holds significant leverage in influencing oil and gas prices, it pales in comparison to China’s position in several strategic industries critical to the energy transition, says report author Michelle Michot Foss, fellow in energy and materials at the Baker Institute. —Baker Institute report Need Nickel?
The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fuel tax. User Charges Based on Fuel Consumption (Gasoline and Carbon Taxes). States use similar mechanisms. —Huang et al.
Intrexon’s proprietary methanotroph bioconversion platform uses optimized microbial cell lines to convert natural gas into higher carbon compounds such as isobutanol and farnesene under ambient temperatures and pressures. Methanotrophic bacteria oxidize methane as their sole carbon source to support cellular metabolism and growth.
The Assessment Framework—the first transparently published methodology worldwide—will be used to determine which tax and non-tax measures constitute an inefficient fossil fuel subsidy. Canada is also committed to phasing out public financing of the fossil fuel sector.
The inaugural Sundrop Fuels plant will use sustainable forest waste combined with hydrogen from natural gas to produce up to 50 million gallons annually of biogasoline. Sundrop Fuels drop-in advanced biofuel is designed to cost as much or less than petroleum-based transportation fuels.
The 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. of Microsoft; George Polk of Tulum Trust; and Jonathan Silver of Tax Equity Advisors, LLC. of the Union of Concerned Scientists; Lucas Joppa, Ph.D.,
priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. 421 million for fossil energy R&D, including $12 million to fund a multi-year research initiative aimed at advancing technology and methods to develop domestic natural gas resources.
The agreement stipulates that Eni will finance comprehensive geological exploration work to confirm the commercial value of the fields. Seismic data and the recent discovery of hydrocarbons in the Romanian section of the Black Sea mean it is highly likely that oil and gas will be found at the Western Chernomorsky field.
Highway Trust Fund financing for new highway, bridges and tunnel infrastructure should be to the extent possible shifted to user fees based on tolls, and incorporating congestion pricing where appropriate. Return gastax revenue to areas with the most traffic and oil savings potential. Deploy HOT lanes and Congestion Pricing.
Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits in support of an estimated 5,000 biomass, solar, wind, and other types of renewable energy production facilities. Landfill gas. Geothermal. Qualified hydropower. Marine and hydrokinetic. Fuel cells.
It also requires a hefty down payment of $4,579, and some buyers will pay more in taxes and other fees. If a gas-powered Charger is your thing, Dodge has you covered, but youll have to wait until summer when the Sixpack model goes on sale. The more powerful R/T Scat Pack is available for $399 per month with $4,429 down.
The report from a task force assembled by the CEPS (Centre for European Policy Studies), a Brussels-based think tank, on European transport policy has concluded that the EU’s goal of a 60% greenhouse gas (GHG) emissions reduction in the transport sector in 2050 compared to 1990 levels is possible, but at a cost.
Transforming agricultural residues into next-generation ethanol and biochemicals could create up to one million jobs in the EU27 by 2020, while theoretically replacing up to 62% of the EU’s forecast fossil-based gasoline consumption, according to a new study released by Bloomberg New Energy Finance with the support of Novozymes and DSM.
President Obama’s plan, which sidesteps the need for Congressional involvement by relying on a wide variety of executive actions, has three main components: Reducing greenhouse gas emissions in the US. Reducing greenhouse gas emissions in the US. of greenhouse gas emissions to 3% by 2020. Other efforts will include: Natural Gas.
Bio-methane retains all the attributes of natural gas, with the crucial advantage that the fuel is renewable, offering substantial Carbon Dioxide savings. Implementation of Bio-SNG will only take place with the appropriate tax, incentive and legislative environment. Cost of carbon abated for transport applications. Click to enlarge.
The most notable new policies include the US “Inflation Reduction Act”, legislation providing more than $369 billion in funding for clean technologies, and the European Union’s REPowerEU plan, which sets ambitious targets to reduce reliance on gas from Russia. Meanwhile, projects face long lead times to finance, develop and commission.
million Compressed Natural Gas (CNG) transit fueling station Public-Private Partnership (P3) project. Trillium will design, build, finance, operate and maintain CNG fueling stations at 29 public transit agency sites through a 20-year P3 agreement. The team has guaranteed at least $2.1
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 ). This tested and proven legislative framework forms the basis of this package of legislation.
Alternative fuels include biofuels, natural gas, hydrogen and electricity from the grid. direct subsidies through financial transfers to buyers or users of green vehicles, or tax incentives); and (ii) fiscal and financial disincentives (taxes and charges that aim at changing the relative prices of inputs and the price of outputs).
The upfront cost of an EV is the biggest barrier to EV adoption, with the average cost of a new EV being 52 percent more than a gas vehicle. Rebates & Tax Credits Don’t Help Most Americans. Rebates & Tax Credits Don’t Help Most Americans. Put all together, the customer saves up to $200 a month.
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