News tagged with carbon tax
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) |
8
Climate change not man-made, say majority of Britons: poll
Less than half of Britons believes that human activity is to blame for global warming, according to a poll carried out for The Times newspaper and published on Saturday.
Nov 15, 2009 |
3.6 / 5 (18) |
46
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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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) |
33
Carbon taxes are the answer to the stalled climate negotiations
For global warming policy, the 2009 United Nations Climate Change Conference (Copenhagen Summit) was a major disappointment. Designed to negotiate a successor to the Kyoto Protocol, which expires in 2012, the Summit concluded ...
Jan 05, 2011 |
2.8 / 5 (17) |
45
Researchers calculate the cost of CO2 emissions, call for carbon tax
Two Rice University researchers are calling on policymakers to encourage the transition from coal-based electricity production to a system based on natural gas through a carbon tax.
Jul 07, 2010 |
3.4 / 5 (14) |
20
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 |
5 / 5 (6) |
29
According to new survey, Americans support strong climate, energy policies
Despite a sharp drop in public concern over global warming, Americans—regardless of political affiliation—support the passage of federal climate and energy policies, according to the results of a national survey released ...
Feb 04, 2010 |
2.8 / 5 (8) |
5
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) |
20
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) |
12
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) |
4
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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 |
4.2 / 5 (5) |
0
Tackling climate change with new permits to pollute
A new way to reduce carbon dioxide emissions and tackle climate change had been unveiled by leading economists.
Jan 06, 2009 |
1.9 / 5 (9) |
15
Australia pollution tax wins crucial backing
Australia's controversial pollution tax looked all but certain to pass after a key lawmaker confirmed that he would support the package, which aims to reduce emissions blamed for climate change. ...
Jul 08, 2011 |
3.4 / 5 (5) |
6
Europe bids to tax personal fuel consumption
A Europe-wide tax on personal or household fuel consumption was proposed on Friday as EU finance ministers met to discuss who should pay what in the fight against global warming.
Oct 02, 2009 |
2 / 5 (8) |
5
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.
