In a first, electric cars outsell traditional ones in Norway
In a symbolic first, electric cars outsold fossil fuel-powered ones in Norway last month.
Apr 1, 2019
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In a symbolic first, electric cars outsold fossil fuel-powered ones in Norway last month.
Apr 1, 2019
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When cycling or walking, you have chosen some of the most climate-friendly modes of transport. But they are not always useful for going to Ikea, the recycling center, or doing the weekly groceries, and this is where most ...
May 16, 2024
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The Supreme Court's recent ruling in West Virginia v. EPA limited the agency's ability to impose national regulations on carbon dioxide (CO2) emissions absent specific authority from Congress, making the Biden administration's ...
Aug 5, 2022
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On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted coal ...
Jul 23, 2023
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Many programs encourage owners of homes and other buildings to improve their energy efficiency, sometimes offering substantial subsidies or tax incentives for doing so. Now, planners may have a way to determine where such ...
Apr 20, 2016
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Australia's top economists overwhelmingly back government measures to speed the transition to electric cars in order to meet emission reduction targets.
Jun 21, 2021
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Reducing our energy use has rarely been so pressing. And one way we can do this is choosing the most energy efficient option when it's time to buy new appliances or move house.
May 26, 2022
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"Most people know we are frying the planet," says MIT economist Daron Acemoglu, referring to the effects of climate change.
Mar 15, 2016
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Amazon employees worldwide are planning to strike on one of the busiest shopping days of the year.
Nov 24, 2021
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The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and away from liquid-fueled cars, but biofuels producers and some of their supporters in Congress aren't buying it. ...
Apr 7, 2021
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A carbon tax is an environmental tax on emissions of carbon dioxide and other greenhouse gases. It is an example of a pollution tax.
Carbon atoms are present in every fossil fuel (coal, petroleum, and natural gas) and are released as CO2 when they are burnt. In contrast, non-combustion energy sources—wind, sunlight, hydropower, and nuclear—do not convert hydrocarbons to carbon dioxide. Accordingly, a carbon tax is effectively a tax on the use of fossil fuels, and only fossil fuels. Some schemes also include other greenhouse gases; the global warming potential is an internationally accepted scale of equivalence for other greenhouse gases in units of tonnes of carbon dioxide equivalent.
Because of the link with global warming, a carbon tax is sometimes assumed to require an internationally administered scheme. However, that is not intrinsic to the principle. The European Union considered a carbon tax covering its member states prior to starting its emissions trading scheme in 2005. The UK has unilaterally introduced a range of carbon taxes and levies to accompany the EU ETS trading regime. Note that emissions trading systems do not constitute a Pigovian tax, because they entail the creation of a property right.
The purpose of a carbon tax is to protect the environment by reducing emissions of carbon dioxide and thereby slow climate change. It can be implemented by taxing the burning of fossil fuels—coal, petroleum products such as gasoline and aviation fuel, and natural gas—in proportion to their carbon content. Unlike other approaches such as carbon cap-and-trade systems, direct taxation has the benefit of being easily understood and can be popular with the public if the revenue from the tax is returned by reducing other taxes. Alternatively, it may be used to fund environmental projects.
This text uses material from Wikipedia, licensed under CC BY-SA