Secret Subsidies: How the Government is Gifting Free Money to Airlines via Its Carbon Market

Credit to Author: Transport & Environment (T&E)| Date: Mon, 27 Jun 2022 03:57:12 +0000

UK airlines were allowed to pollute for free and given subsidies via the UK’s flagship scheme to reduce carbon emissions, new study finds. The UK government is giving airlines so many free pollution permits through the carbon market for aviation that they don’t have to pay for any of their climate-warming emissions. Airline polluters received […]

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Historic Extension of EU’s Carbon Market Gets Green Light from Parliament

Credit to Author: Transport & Environment (T&E)| Date: Wed, 22 Jun 2022 17:59:33 +0000

The European Parliament votes in favour of including shipping and road transport in the Emissions Trading System (ETS) for the very first time.

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Replacing Coal With Renewable Energy Will Not Be Too Expensive!

Credit to Author: Carolyn Fortuna| Date: Fri, 10 Jun 2022 15:25:32 +0000

replacing coalA cogent and precise economic analysis concludes that we not only can — we must turn away from coal and embrace renewable energy. It makes sense, too, if we’re really committed to avoiding damage from climate change and alleviating harm to people’s health.

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Speed, Bow Shape, & Ultrasonics, Electrification & More Will Reduce Marine Shipping Fuel Requirements

Credit to Author: Michael Barnard| Date: Tue, 31 May 2022 16:35:25 +0000

Marine shipping megatonnes fossil fuels before refuelingWith higher fuel prices for shipping comes an every increasing economic driver for efficiency that will force most of these techniques to be applied.

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EU Parliament to Seal the Fate of New Carbon Market for Road Transport & Buildings

Credit to Author: Guest Contributor| Date: Fri, 13 May 2022 22:25:46 +0000

Can the European Parliament introduce an effective price on road transport and building emissions? The ETS2 is the carbon market for road transport and buildings, which was proposed last year as part of the landmark Fit for 55 package. Under this new ETS2, fuel suppliers would need to buy pollution permits for each liter of fuel they put on […]

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Exploring Local Carbon Policy

Credit to Author: Guest Contributor| Date: Fri, 06 May 2022 14:17:55 +0000

Although the distribution of carbon reduction pledges in the Paris Agreement is roughly in line with the local social cost of carbon (LSCC), the magnitude of those pledges is largely insufficient to achieve the Agreement’s goals. All regions of the world do not — and will not — experience the effects of CO2 emissions in […]

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Denmark Announces Aggressive Carbon Tax

Credit to Author: Jesper Berggreen| Date: Wed, 20 Apr 2022 20:47:37 +0000

Since December of 2019, when Denmark wrote GHG reductions into national law, we have been waiting for the first draft of implementation. This week it was presented, and as usual some like it, and some do not. Danish national media outlet dr.dk reports a summary of the following details: “Companies that do not pay for […]

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California Emissions Credit Prices Increase in Early 2022 Auction

Credit to Author: U.S. Energy Information Administration| Date: Thu, 07 Apr 2022 03:40:32 +0000

In its first quarterly auction of 2022, emissions credits in the joint California-Quebec allowance auction sold for $29.15 per metric ton of carbon dioxide equivalent, or nearly $10 per metric ton more than the minimum price for allowances. Emissions credits sold in this market can be used to comply with California’s cap-and-trade program, which covers […]

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Global Shipping Less Of CO2e Problem Today Than Aviation, More By End Of Century

Credit to Author: Michael Barnard| Date: Fri, 01 Apr 2022 18:05:08 +0000

MT CO2e For Global Shipping Through 2100With just the readily available solutions of electrification where viable and increased efficiencies across the board, in addition to the loss of demand from fossil fuels and raw iron ore, global shipping will see about 50% of the emissions in 2100 as it did at peak before COVID-19. Replacing bunker fuel with low-carbon alternatives is necessary for the rest.

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