Countries need to put a price on carbon to help the world cut greenhouse gas emissions and limit climate warming to agreed targets, the head of Europe’s biggest utility said on Tuesday.
Green fiscal policies such as fossil fuel subsidy reform, carbon-energy taxation, emissions trading, air pollution taxes and green subsidies can play a critical role in limiting energy-related negative impacts on human health, air quality and the climate. By pricing harmful emissions and driving the transition to clean and low-carbon energy sources and increasing demand for renewable energy technologies.
A reluctance to raise the cost of natural gas is understandable, given that poorer households spend more of their income on heating their homes. But it only further underscores the importance of joined-up, coherent thinking about how Britain can hit its net zero emissions target by 2050.
How European insurance industry partnerships can support the EU’s drive toward a climate-neutral continent and economic recovery.
The federal government is facing a revolt from states and territories over its plan to allow subsidies for coal and gas-fired power stations as part of reforms to shore up reliability of the electricity grid.
There’s one thing holding public power back as the industry strives to meet the ambitious clean energy goals — the federal tax code. As it currently stands, federal tax policy puts public power communities at a disadvantage by having them pay more for the same clean energy outcomes as customers in other market.
More than two thousand leading scientists and academics have called on world leaders to commit to a new fossil fuel ‘non-proliferation treaty’, committing to urgently phase out the use of coal, gas and oil in response to the emerging threats posed by climate change.
“Blue hydrogen” is made using gas, which is a fossil fuel. Part of the production process involves capturing the carbon. It is considered to be better for the environment than gas, but some carbon is still released into the atmosphere.
Policy design and timing are critical to overcoming political costs to climate mitigation policies, as is the need to provide effective social insurance policies.
The European Commission recently proposed an EU-wide minimum tax rate for polluting aviation fuels such as kerosene to reduce CO2 emissions by 55% by 2030.
Global lender’s head Kristalina Georgieva calls on countries to step up their $100bn climate finance pledges.