article thumbnail

RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

Green Car Congress

aggregated to the county level given a 10 cent per gallon tax shows tremendous. Economists view higher gasoline taxes as one solution to reducing gasoline consumption and thus air pollution, greenhouse gas emissions, and reliance on oil, while at the same time providing revenue to the government for highway repair and construction.

Tax 257
article thumbnail

Brookings analysts recommend against repeating cash for clunkers program in future recession

Green Car Congress

However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. Cost per job created. Click to enlarge. Cost per ton of carbon reduced. The small increase in employment came at a far higher implied cost per job created ($1.4

article thumbnail

California Governor Schwarzenegger Announces 244 Proposed Renewable Energy Projects Throughout State; Up to 69,925 MW of Capacity

Green Car Congress

California was the first state to sign an MOU with the Department of the Interior to cooperatively develop long-term renewable energy plans and to usher eligible projects through state and federal permitting processes that can receive 30% federal tax credits under the American Reinvestment and Recovery Act (Recovery Act).

Renewable 264
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Is tax equity dead? Cap and Trade Disappointment.

Financing 150
article thumbnail

Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. Due to the strategy to focus predominantly on China in both the immediate and longer term, the company is reallocating its global resources.

Boston 199
article thumbnail

Plug-in cars: Moving Forward

Plugs and Cars

The federal consumer tax credit awaits major automaker cars that can claim them. It hasn’t led to an immediate abandonment by the automakers of this long over-subsidized initiative, but it will help put a stopper in the drain on resources accelerated under President Bush. Will we get our money’s worth? It’s far from a slam dunk.

Plug-in 100
article thumbnail

Greenius Goes All AB 811 Over Green Task Force

Creative Greenius

Last Thursday afternoon your Creative Greenius took yet another step on my journey to employ my professional skills, talents and resources for greater green good and not just to line my own pockets. SBESC's Marilyn Lyon talks about Federal Stimulus Funding / photo (c) Debra Bushweit Galliani.

Green 170