News tagged with carbon tax
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 |
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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 |
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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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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 |
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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 |
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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 |
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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 |
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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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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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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 |
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Australia to unveil pollution tax
Australia will unveil the full details of its contentious pollution tax within days, Treasurer Wayne Swan said Tuesday, promising help for households facing higher energy bills.
Jul 05, 2011 |
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Australia academics blast UK lord over Hitler jibe
Dozens of Australian academics signed a letter Tuesday demanding a lecture by British climate sceptic Lord Christopher Monckton be axed after he compared the country's climate adviser to Hitler.
Jun 28, 2011 |
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Study backs Australia pollution tax plans
A government-backed study of pollution reduction policies among Australia's major trade partners Thursday backed "price-based schemes" as most effective, boosting Canberra's carbon tax plan.
Jun 09, 2011 |
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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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Europe pushes plans to hike diesel, coal taxation
The European Commission pushed controversial plans Wednesday for a tax on carbon emissions to promote clean energy use by increasing the cost of dirty fuels such as coal and diesel.
Technology / Energy & Green Tech
Apr 13, 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.
