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Latest Carbon tax Stories

2009-09-30 12:23:00

WASHINGTON, Sept. 30 /PRNewswire-USNewswire/ -- The Boxer-Kerry bill introduced Wednesday will not reduce carbon dioxide in the atmosphere to levels that will avert catastrophic climate change, said the Price Carbon Campaign, a coalition seeking a steadily-increasing revenue-neutral tax on carbon emissions as the best means to achieve a sustainable climate. A report from the United Nations Environment Program last week indicated that global temperatures could climb more than 6 degrees...

2009-09-16 06:36:49

China says a proposed carbon tax on imported goods from countries without stringent environmental laws would violate World Trade Organization rules. Expressing his government's firm opposition to any such tax, Chinese Assistant Finance Minister Zhu Guangyao said it would amount to trade protectionism, China Daily reported. The carbon tax as it relates to climate change is expected to figure at the Group of 20 Summit next week in Pittsburgh. Referring to a bill passed by U.S. Congress in June,...

2009-09-09 16:00:00

Trillion dollar cap-and-trade system would pose big financial risk for little "green" benefit WASHINGTON, Sept. 9 /PRNewswire-USNewswire/ -- According to a new report released today by the U.S. Climate Task Force (CTF), an opaque, complex trading system like the cap-and-trade program outlined in the Senate climate bill would generate: high profits for Wall Street traders; higher energy prices for American consumers; and minimal CO2 reductions for the environment. The analysis, "The...

2009-04-22 07:55:23

The potential economic benefits offered by the green economy in the current economic downturn will be explored on Budget Day by three leading experts in the fields of economics and environmental research: Dr Alex Bowen, of the LSE's Grantham Research Centre, Professor Paul Ekins of Kings College, London and Dr Ralf Martin part of the ESRC's Centre for Economic Performance. Is the recession an opportunity to move away from some traditional, and environmentally unfriendly, industries to...

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2009-04-09 07:10:00

White House officials announced on Wednesday that a share of the profits from any future carbon-capping program in the US has to be shared with consumers to help ease the effects of rising energy prices. Presidential aid for energy and environment, Joseph Aldy, says that the road to a complete clean energy economy in the US will not be an easy one.  "There will be those who are going to be vulnerable as we make this transition and...we need to actually target the allowance value and...

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2009-03-12 07:10:00

Renowned climate scientist James Hansen said greenhouse gas emissions must be reduced more rapidly and deeply than previously believed just two years ago in order to avoid dire consequences.  Furthermore, a direct carbon tax is the only realistic means to achieve that goal, he said during an interview with AFP on the sidelines of a climate conference in Copenhagen. New research shows an even gloomier snapshot of global warming than the already sobering United Nations report released in...

2009-03-06 06:55:00

WASHINGTON, March 6 /PRNewswire-USNewswire/ -- Environmental groups and carbon pricing advocates lauded Representative John Larson (D-CT), who today introduced America's Energy Security Trust Fund Act of 2009, proposing a carbon tax to reduce carbon emissions and fight global warming. The tax would take effect in 2009 and tax emissions at a rate of $15 per ton of carbon dioxide and increase by $10 each year (or by $15 each year if needed to keep emissions falling fast enough). It would be...

2009-02-20 10:36:15

As the concentration of heat-trapping carbon dioxide in Earth's atmosphere continues to rise, so also does public awareness, as well as efforts to find solutions to this global problem. Increasing concentrations of this potent greenhouse gas threaten to alter Earth's climate in ways that will have profound impacts on the welfare and productivity of society and Earth's ecosystems. This year marks the 50th anniversary of Scripps Institution of Oceanography scientist Charles David...

2009-01-15 08:30:00

Climate Task Force supports carbon tax as best policy to reduce nation's greenhouse gas emissions WASHINGTON, Jan. 15 /PRNewswire-USNewswire/ -- Today, Dr. Robert J. Shapiro, U.S. Climate Task Force (CTF) co-founder and former economic advisor to President Bill Clinton, along with Dr. Elaine C. Kamarck, CTF co-founder and former domestic policy advisor to Al Gore, issued the following joint statement in response to the U.S. Climate Action Partnership's misguided endorsement of an...

2009-01-10 15:45:23

The head of ExxonMobil, the world's largest oil company, has called for a carbon tax to help cut greenhouse gas emissions. Exxon chief Rex Tillerson's comments represent a radical turn from the days when the oil giant denied the existence of man-made global warming, The Independent reported Saturday. A carbon tax is also the most efficient means of reflecting the cost of carbon in all economic decisions -- from investments made by companies to fuel their requirements, to the product choices...