News tagged with carbon tax
Research: Negative leakage could be key to reducing carbon emissions
(Phys.org) -- The unilateral efforts of a single country or region to reduce the emissions of greenhouse gases could reduce exports, increase imports and lead to higher emissions elsewhere – what economists call “leakage.” ...
May 25, 2012 |
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Australia's Qantas makes first commercial biofuel flight
Australia's Qantas Friday launched the nation's first commercial flight using a mixture of refined cooking oil, saying it would not survive if it relied solely on traditional jet fuel.
Technology / Energy & Green Tech
Apr 13, 2012 |
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India says EU tax a 'deal breaker' for climate talks
India's environment minister said Wednesday that a European Union scheme to tax airlines for carbon emissions was "a deal breaker" ahead of global climate change talks, a warning rejected by the EU.
Apr 11, 2012 |
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EU says airline CO2 tax 'less than a coffee'
The EU's climate commissioner played down the impact of the controversial carbon tax being imposed by the bloc on airlines, saying Friday it would cost less than a cup of coffee per passenger.
Apr 06, 2012 |
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Advanced power-grid research finds low-cost, low-carbon future in West
The least expensive way for the Western U.S. to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy ...
Technology / Energy & Green Tech
Apr 03, 2012 |
4.2 / 5 (14) |
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Reducing cash bite of wind power
The State of Illinois is facing an important renewable energy deadline in 2025, and Northwestern University's Harold H. Kung has a piece of advice for Springfield to consider now: Investment Tax Credit.
Technology / Energy & Green Tech
Mar 29, 2012 |
5 / 5 (1) |
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European airlines rally against EU carbon tax: source
Airbus and six European airlines have written to four EU leaders attacking the carbon tax imposed by the European Union, a source close to the dossier told AFP Sunday.
Mar 11, 2012 |
5 / 5 (1) |
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EU to keep carbon tax on airlines
The European Union will maintain its carbon tax imposed on airlines operating in its airspace, the Danish climate minister said, despite retaliatory trade measures by China.
Mar 09, 2012 |
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Aviation agency asks EU to delay airline carbon tax
The head of the International Air Transport Association (IATA) on Tuesday urged the European Union to delay rolling out a carbon tax on air travel next year, warning it could provoke trade wars.
Mar 06, 2012 |
2.3 / 5 (3) |
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EU 'open' to talks on airlines tax, but won't change law
EU officials said Sunday they will negotiate with international partners angry at what they see as a climate tax on airlines, but refused to change hotly disputed legislation despite fears in Germany.
Mar 04, 2012 |
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Reduction in US carbon emissions attributed to cheaper natural gas
In 2009, when the United States fell into economic recession, greenhouse gas emissions also fell, by 6.59 percent relative to 2008.
Feb 27, 2012 |
3.7 / 5 (6) |
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India, China attack EU on airline carbon tax
India and China joined forces on Tuesday in saying they firmly rejected the EU's "unilateral" decision to impose a carbon tax on air travel.
Feb 14, 2012 |
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World powers 'plan anti-carbon tax talks'
India, Russia, the United States, China and other countries will meet in Moscow this month to decide whether to retaliate against the EU's decision to impose a carbon tax on air travel, a report says.
Feb 05, 2012 |
2.4 / 5 (5) |
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China looks at carbon tax, official says in US
China's lead negotiator on climate change said Wednesday that the world's largest emitter is considering imposing a tax on carbon to reduce the use of dirty energy as its economy grows.
Jan 11, 2012 |
3.7 / 5 (6) |
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Financing battle emerges at climate change talks
(AP) -- International climate negotiators were at odds Tuesday on how to raise billions of dollars to help poor countries cope with global warming. A major shipping group is willing to help, endorsing a proposal for a carbon ...
Nov 29, 2011 |
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Carbon tax
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.
For more information about Carbon tax, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
