3) The third point,
about emissions taxes or caps imposing heavy costs for no climate benefit, presumes that such limits won't spur innovation, efficiency and a shift to lower - emitting energy sources.
Not exact matches
Put another way, despite all the good things
about B.C.'s carbon
tax (and it got some laudatory words in the OECD report), it's barely stringent enough to fit into the IEA's 450ppm path and it's not likely to be stringent enough to see BC's
emissions decrease between now and 2020 (see Table 17).
«Can I say to Australians the debate that they are hearing
about a carbon
tax is a debate
about what Tony Abbott calls a carbon
tax, which [it] will be for a limited period of time and then we will move to an
emissions trading scheme.»
Many of the same warnings Mario Cuomo heard in the 1980s
about Shoreham are the same ones his son hears today from supporters of Indian Point: Closing a nuclear plant will result in blackouts, a less reliable electric grid and increased air pollution as fossil fuels are burned to replace the lost
emissions - free nuclear power; customers could face higher bills; more than 1,000 jobs will be lost, and
tax revenue for schools and towns will dissipate.
I'll be speaking to the Shadow Chancellor, George Osborne,
about whether there really is a pain - free way of cutting our carbon
emissions - and whether innocent - sounding «green
taxes» are really so inoffensive.
According to Nordhaus, small countries would not have to worry
about achieving certain
emissions levels, the system would be much less prone to corruption or cheating, and
taxes, «while hated,» are a long - standing and «proven» financial instrument.
In response to a
tax on greenhouse - gas
emissions imposed by the Norwegian government, each year the company now removes
about 1 million tons of CO2 captured as a waste product from the natural gas it recovers and pumps more than 99 percent of it 2,600 feet beneath the seafloor into a porous sandstone formation capped by impervious rock.
Rosenthal says that if carbon dioxide
emissions become
taxed in the future due to continuing concerns
about global warming, his solar - driven catalyst for making synthetic fuel will compete even better economically with fossil fuels.
«The consequences of not [acting] are even higher with these results than they were before, when we could think
about 1.5 degrees as being in the realm of possibility — which I think, realistically, it's not,» he said, urging more investments in research, a
tax on carbon and other established paths to
emissions reductions.
You'll also have to pay $ 895 for destination charges, and if you live in California, a $ 100
emissions tax just to sign on the dotted line — and that's before
about $ 11,000 in safety and tech options that our example was equipped with, including the previously mentioned packages.
Choosing it adds
about # 20,000 to the list price, while economy of 20.9 mpg and CO2
emissions of 315g / km (placing it in the top 37 % company - car
tax band) mean it'll be more expensive to run than almost anything else on the road.
While the US is embroiled in an ongoing debate
about how best to regulate auto
emissions, Sweden went ahead and announced a plan today that will fiercely cut
emissions, encourage people to buy hybrids, and generate
tax revenue
Other climate and energy campaigners see far too weak a plan, with Charles Komanoff of the Carbon
Tax Center making this trenchant observation
about how recent progress on
emissions (through the surprise shift from coal to gas and rise in energy efficiency) compares to the planned cuts:
Perhaps Flannery will explain how the carbon
tax, which has a goal to reduce Australia's carbon
emissions by
about 4 per cent of China and India's increases in
emissions over the same period, will help solve climate change.
Moving from theory to practice, however, has proven challenging, as the two leading approaches to pricing carbon, carbon
taxes and cap - and - trade programs, only cover
about 12 % of all carbon
emissions globally today.
Been meaning to highlight Brad Plumer's post on a paper
about the effect of a carbon
tax on
emissions (full paper here).
e360: You and others have spoken quite a bit
about the importance of imposing a carbon
tax as a way of reducing greenhouse gas
emissions, and now we have a new administration coming in and a new Congress.
When asked
about specific proposals to reduce climate change, most Democrats (90 %) and smaller majorities of Republicans (65 %) say that restrictions on power plant
emissions would make a difference in reducing climate change, as would
tax incentives encouraging businesses to reduce their carbon
emissions (85 % and 65 %, respectively).
Three - quarters of U.S. adults (76 %) say corporate
tax incentives to encourage carbon
emission reductions among businesses can make a difference, and roughly seven - in - ten (71 %) say the same
about tougher fuel efficiency standards for cars and trucks.
Roughly two - thirds of covered
emissions are covered by a cap - and - trade program,
about one - third are covered by a carbon
tax, and
about one - quarter of the jurisdictions use both.
In the same vein, the choice of using a carbon
tax over other possible tools to reduce
emissions was a matter of judgment
about political goals, he added.
In contrast, people with a «hierarchical» and «individualistic» mind - set respect leaders of industry and don't like government interfering in their affairs; they're apt to reject warnings
about climate change, because they know what accepting them could lead to - some kind of
tax or regulation to limit
emissions.
There are reasons to worry
about whether a carbon
tax or cap - and - trade system would produce the
emissions reductions we need quickly enough, and it is very plausible that additional measures like fuel
taxes and efficiency requirements will be needed in addition.
In China, the government is also getting serious — revealing more details
about its pilot
emissions trading scheme, canvassing a flat carbon
tax on certain industries, and also announcing that it would impose
emission caps on certain provinces and cities, including the powerhouse economy of Guangdong, and the key commercial hubs of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen, in preparation for the ETS.
Starting at $ 12.50 per metric ton of CO2 (equivalent to $ 11.34 per U.S. ton), the McDermott carbon
tax would rise by that same amount each year to reach triple digits before the decade is out — a trajectory that would drive down U.S.
emissions by
about one third in that time, according to CTC's carbon
tax model.
The main argument for a carbon
tax rather than a trading scheme is that, if there is a lot of uncertainty
about the cost of reducing
emissions, and not much uncertainty
about the damage caused by climate change, a fixed price for
emissions (that is, a
tax) will get closer to the optimal outcome than a fixed quantity.
New York is part of RGGI so there already is a
tax (auction proceeds) on electrical generating unit CO2
emissions, there is a Climate Action Plan goal of an 80 % reduction of CO2
emissions from 1990 levels by 2050, and the State's draft Energy Plan is
about to go public.
From the article: «The
tax, which rose from 10 Canadian dollars per ton of carbon dioxide in 2008 to 30 dollars by 2012, the equivalent of
about $ 22.20 in current United States dollars, reduced
emissions by 5 to 15 percent with «negligible effects on aggregate economic performance,» according to a study last year by economists at Duke University and the University of Ottawa.»
The large majority of «environmental
taxes» are raised from measures which either long pre-date concerns
about emissions reduction, ie fuel duty, road
tax, VAT or have nothing to do with reducing CO2 (landfill
tax, aggregates levy).
For example the fuel
tax escalator was introduced around 8 years ago, the renewables obligation on energy
about the same and if you drive intro London the congestion charge has become the
Emissions charge.
If they don't enact a stiff
tax on carbon in 2021; and if they don't start using the full legal authority of the Clean Air Act to regulate all sources of carbon
emissions — implementing what is in effect a carbon fuel rationing scheme — then they can be rightly accused of being totally dishonest and hypocritical in claiming to be concerned
about the impacts of climate change.
But carbon pricing will be necessary to address the diverse economy - wide sources of CO2
emissions effectively and at sensible cost, whether the carbon pricing comes
about through an economy - wide Federal cap - and - trade system or through a Federal carbon
tax.
When the policy solution emphasized a
tax on carbon
emissions or some other form of government regulation, which is generally opposed by Republican ideology, only 22 percent of Republicans said they believed the temperatures would rise at least as much as indicated by the scientific statement they read.But when the proposed policy solution emphasized the free market, such as with innovative green technology, 55 percent of Republicans agreed with the scientific statement.For Democrats, the same experiment recorded no difference in their belief, regardless of the proposed solution to climate change.As study authors Troy Campbell and Aaron Kay wrote in the introduction to their paper
about this study, this shows «not necessarily an aversion to the problem, per se, but an aversion to the solutions associated with the problem.»
«You have a Government that's silent
about the fact that
emissions in Australia go up, not down under the carbon
tax,» he said.
The moralising stridency of so many arguments for cap - and - trade, carbon
taxes, and global
emissions treaties was founded on the idea that there is a consensus
about how much warming there would be if carbon
emissions continue on trend.
«They'll never talk
about the fact that our
emissions go up by 77 million tonnes between 2010 and 2020 under their carbon
tax.»
«EPA's proposal for controlling greenhouse gas
emissions from
about half the nation's electric power supply is a poorly disguised cap - and -
tax scheme that represents energy and economic policy at its worst,» Hal Quinn, president of the National Mining Association said in a statement.
IMO their estimate of the
taxes needed to accomplish this were very low (and discussant Paul Joskow pointed this out in his included remarks, noting that other people estimated these
taxes as being 20 times bigger because they assumed that CO2
emissions would grow a lot faster without the
tax), but for what it's worth they found a fairly small equivalent variation (loss) of
about $ 250 billion (in 1990 dollars) for the U.S. in carrying out this policy.
As we learn more
about the response of
emissions to the price on carbon, we can raise or lower the
tax or as we learn more
about the maximum CO2 we can sustain in the atmosphere, we can raise or lower our cap.
Some speculate
about a grand bargain in which carbon
taxes replace carbon regulations — everything from the EPA's greenhouse gas
emission standards to California's cap - and - trade program to State - level renewable electricity mandates.
Based on a real world «business as usual»
emissions scenario, with natural gas displacing oil at its current pace and no carbon
tax, I come up with a CO2 right
about inline with RCP 6.0, «a mitigation scenario, meaning it includes explicit steps to combat greenhouse gas
emissions (in this case, through a carbon
tax) ``.
That's what two men named David thought, too, when they first met in 2008 to talk
about a climate policy with very little support: a national
tax on industrial carbon dioxide
emissions.
Are cap - and - trade markets the best mechanism for bringing
about large - scale carbon - dioxide
emission reductions, or would a
tax, or even straightforward regulation, be more effective or efficient?
Have you heard
about a carbon
tax (British Columbia and Australia) or cap and trade program (California)[Read more
about carbon pricing], which could add a
tax or fee onto your carbon
emissions?
For example, a carbon
tax designed to smoothly reduce our greenhouse gas
emissions from their current level to zero by the year 2100 would result in only
about 0.1 °C of global temperature «savings» — an amount, on its own, not worth pursuing.
And although he has to deal with internal squabbles
about whether cap and trade or a carbon
tax is the best way to bring down greenhouse gas
emissions, at least the Obama team does agree on the goal.
Now, the case for replacing the bulk of the existing subsidies and regulations addressing greenhouse gas
emissions with a carbon
tax — our preferred policy response to climate change — is quite strong regardless of how one feels
about the underlying science.
And of course, neither party will do anything
about fuel
taxes and
emissions from the transportation sector.
Sure,
tax cuts, grants and loans are fairly easy to account for, but what
about military deployments to secure foreign oil supplies, or infrastructure costs like roads and transmission lines, or the seemingly endless stream of external costs linked to carbon
emissions, toxic air and water pollutants, higher health care costs and missed work days?
Second, note that ETS only covers
about half of
emissions, and much of the rest (e.g., transportation) is covered by fossil fuel (carbon)
taxes.