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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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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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 |
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Australian PM faces toughest test on carbon tax
(AP) -- Australia's leader faces her toughest political test to date as she tries to sell the nation on a carbon tax that would lead to higher power prices while reducing greenhouse gas emissions.
Jun 05, 2011 |
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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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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 |
not rated yet |
3
Experts say cap and trade not enough
A team of researchers at Carnegie Mellon University report in a new policy brief that cap and trade climate policies alone will not be sufficient to put the nation on track to achieve a 50 to 80 percent reduction in greenhouse ...
Apr 13, 2009 |
4.4 / 5 (39) |
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EU court backs bloc in airlines emissions fight
An EU decision to force foreign airlines to buy carbon permits "is compatible with international law," the advocate general of the European Union Court of Justice said Thursday.
Oct 06, 2011 |
3.7 / 5 (3) |
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Cheers as Australia's carbon tax hits parliament
Cheers erupted in Australia's Parliament House after Prime Minister Julia Gillard presented her bill for a new pollution tax she hopes will help counter climate change.
Sep 13, 2011 |
3.6 / 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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Australia sets carbon price to fight climate change
Australia Sunday announced plans to tax carbon pollution at Aus$23 (US$24.74) per tonne to help battle climate change, as it moves towards an emissions trading scheme similar to that of Europe.
Jul 10, 2011 |
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Australian parliament passes divisive carbon tax
Australia's lower house on Wednesday passed a contentious new tax on carbon pollution to combat climate change which has angered many voters and threatens Prime Minister Julia Gillard's hold on power.
Oct 12, 2011 |
5 / 5 (2) |
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Australia begins selling pollution tax
Australia's Prime Minister Julia Gillard began Monday the mammoth task of selling a bold new tax on carbon emissions to sceptical voters, in a battle that could make or break her fragile rule.
Jul 11, 2011 |
3.7 / 5 (6) |
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Cap-and-trade trumps taxes for clean tech adoption
A cap-and-trade system is more likely than a carbon tax system to trigger the adoption of clean energy technologies, according to a study by professor Yihsu Chen at the University of California, Merced.
Jul 08, 2011 |
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Pollution tax rebates little help for low-income workers
Although policymakers believe the regressiveness of pollution taxes can be offset by returning revenue to the low paid through a reduced labor tax, that approach may not work, and also could have the unintended consequence ...
Other Sciences / Economics & Business
Feb 22, 2011 |
not rated yet |
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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.
