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Economic View: A Carbon Tax That America Could Live With

2013-09-01 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: THIS summer, the Obama administration released the President's Climate Action Plan. It is a grab bag of regulations and policy initiatives aimed at reducing the nation's carbon emissions, which many scientists believe contribute to global warming. This got me to thinking: What might I do to reduce my own carbon emissions? Here are some things I came up with. Think of them as Greg Mankiw's Climate Action Plan. " I could buy a smaller, more fuel-efficient car. " I could swap my traditional...

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Can a carbon tax work without hurting the economy? Ask British Columbia

2013-07-30 16:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Carbon emissions have an unavoidable cost. When we burn fossil fuels and release carbon dioxide into the atmosphere, it increases the greenhouse effect. The resulting climate change has costs, for example by causing more extreme weather. More frequent and intense heat waves and droughts can damage crops, causing food prices to rise, more intense floods can cause more property damage, etc. Lacking a price attached to carbon emissions in the marketplace, we're effectively putting those costs on a...

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B.C. carbon tax showing positive results

2013-07-26 04:15:00| Climate Ark Climate Change & Global Warming Newsfeed

Globe and Mail: British Columbia's carbon tax has resulted in a 17.4-per-cent reduction in greenhouse gas emissions, according to a new study being released Wednesday as premiers gather in Niagara-on-the-Lake, Ont., to discuss a national energy strategy aimed at - among other things - lowering carbon emissions. The premiers' energy agenda has been dominated by discord: British Columbia opposes a pipeline from Alberta to its coast, while Quebec is embroiled in a dispute with Newfoundland and Labrador over hydroelectric...

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Chinese minister confirms carbon tax is on its way

2013-07-22 13:40:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: China's strategy for combating climate change will at some point include a tax on greenhouse gas emissions, according to the country's finance minister. Lou Jiwei told delegates at China-US Strategic and Economic Dialogue last week that China would expand environmental taxes to include carbon "in due time", according to news agency Thomson Reuters Point Carbon. The annoucement follows the publication of a document earlier this year by the Ministry of Finance detailing a new tax regime designed...

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Australia to 'terminate' carbon tax a year early

2013-07-16 10:26:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Australia will replace its carbon tax with an emissions trading scheme (ETS) a year earlier than planned should Prime Minister Kevin Rudd's Labor government win this year's election. Rudd said today he wants the fixed price on carbon emissions to end on 30 June 2014, with a floating market linked to the European Union's ETS opening the following day. The Prime Minister's announcement that he would "terminate the carbon tax" will likely see prices drop from the mandated A$25 (15.20) a tonne...

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