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Austrian Coalition Proposes Carbon Tax, 2040 Carbon Neutrality (Int'l.)
Climate Change
Date: 2020-01-03
In Vienna, the Austrian People's Party (OVP) and the Greens party candidates are touting their coalition "Green Deal" under which Austria would impose a carbon tax and seek to be carbon neutral by 2040.

The deal still needs to be approved at a Greens party congress. (Source: Various Media, DW, Jan., 2019)

More Low-Carbon Energy News Carbon Tax,  Carbon Neutral,  


EU Considering Carbon Tariffs on Import Goods (Int'l. Report)
EU,COP25
Date: 2019-12-30
Politico is reporting European countries are considering the imposition of carbon tariffs on import products from the U.S. and other countries with lack luster commitments to dealing with carbon emissions and climate change.

According to Politico, potential carbon tariffs were discussed at the United Nations COP25 climate conference in Madrid where it was thought inevitable that governments will turn to trade barriers in the effort to fight climate change.

The European Union currently imposes a €25 per metric ton carbon tax on oil refineries, steelmakers and paper producers and other major carbon emitters. (Source: Vestnik, Politico, 15 Dec., 2019)

More Low-Carbon Energy News COP25,  EU,  EU ETS,  Carbon Emissions,  Carbon Tax,  


German Carbon Tax Rises to €25 in 2021 (Int'l Report)
Germany
Date: 2019-12-18
Reuters is reporting Germany will raise the price (tax) on transportation and heating CO2 emissions to €25 ($27.56) per ton from 2021. The prices will rise to €30 in 2022, €35 in 2023, €45 in 2024, €55 in 2025 then spike to €65 in 2026.

Germany aims to cut its greenhouse gas emissions to 55 pct of their 1990 level by 2030. (Source: Reuters, Various Media, 17 Dec., 2019)

More Low-Carbon Energy News Carbon Tax,  


ExxonMobil Contributes $1Mn to Promote Carbon Tax (Ind. Report)
EXXON, Climate Leadership Council
Date: 2019-12-09
The Americans for Carbon Dividends (ACD) political action group is reporting Houston-headquartered oil industry giant ExxonMobil Corp. has made a $1 million donation to ADC's lobbying campaign to promote a U.S. tax on CO2 emissions, a central factor in global warming. The contribution came less than a month after the oil giant agreed to contribute $100 million to oil companies' efforts to develop technologies to reduce greenhouse gas emissions.

The ADC aims to spend $5 million on an initial lobbying campaign to win support for the tax, said , senior vice president at the group. PAC is looking to build legislative support for its carbon tax. It proposes an initial $40 a ton tax on carbon dioxide that would increase over time, with the money raised to be returned to consumers. The PAC has raised $1 million each from Exelon Corp, First Solar Inc and the American Wind Energy Association and expects to reach its goal of a $5 million in coming months. (Source: Exxon, Denton Daily, Reuters, 8 Dec., 2019) Contact: Climate Leadership Council, Greg Bertelsen, www.clcouncil.org; Americans for Carbon Dividends, www.afcd.org

More Low-Carbon Energy News Climate Leadership Council,  Exxon,  Climate Change,  Carbon Emissions,  


ACENY Promotes Case for Carbon Pricing at the NYISO Ind Report)
Alliance for Clean Energy New York
Date: 2019-12-09
Reporting from Albany, the Alliance for Clean Energy New York (ACENY) has released The Case for Carbon Pricing at the NYISO, a new paper laying out the arguments for New York to integrate the cost of carbon pollution into the State's wholesale electricity market. ACENY is hoping the State will align the markets with New York's ambitious renewable energy goals.

The Case for Carbon Pricing at the NYISO, puts forth clear arguments in favor of Carbon Pricing:

  • Carbon Pricing will set an example for the Nation of how carbon policy can align with markets;
  • It will complement NY's new climate law and make it more likely that NY's ambitious goals will be met;
  • Lower the costs that would otherwise be paid by state agencies in achieving the Empire State's goals, lower the costs the State needs to invest in transmission, and lower the overall costs of achieving the climate law's mandates; and
  • Be able to be implemented quickly and cost-effectively, with little to no consumer impact, if it has NYS support.

    ACENY is a broad coalition dedicated to promoting clean energy, energy efficiency, a healthy environment, and a strong economy for the Empire State, and is New York's premier advocate for the rapid adoption of renewable energy and energy efficiency technologies. (Source: ACENY, Dec., 2019) Contact: ACENY, Anne Reynolds, Executive Director, 518.432.1405 x222 (o), 518.248.4556 (m), areynolds@aceny.org, www.aceny.org; NYISO, www.nyiso.com

    More Low-Carbon Energy News Alliance for Clean Energ,  NYISOy New York,  Carbon Price,  Carbon Tax,  


  • IBM Climate Change Policy Supports Early Climate Action and Carbon Tax (Opinions, Editorials & Asides)
    IBM
    Date: 2019-12-06
    "IBM has stated for more than a decade that climate change is a serious concern that warrants meaningful action on a global basis. Notwithstanding many important efforts, this remains the case today. The Earth's climate is warmer now than it was before the onset of the modern industrial era, and the increased temperature presents significant adverse risks which cannot be ignored. Greenhouse gases like carbon dioxide fuel this warming. According to scientists, the amount of carbon dioxide in the Earth's atmosphere is now greater than it has been for the last several hundred thousand years. Compounding this circumstance is the fact that carbon dioxide remains in the atmosphere for quite a long time after having been emitted.

    "Some may debate how this happened, but that doesn't change the need to address it. Although our collective use of fossil fuels for energy has enabled remarkable economic development, the use of fossil fuels has also resulted in substantial emissions of carbon dioxide, and the cost of these emissions has not been reflected in the price of energy. As a matter of policy, this should change.

    "IBM is no newcomer to the realm of climate change. In 2017, we reaffirmed our support for the 2015 Paris Agreement to limit global warming to below 2 degrees C above pre-industrial levels. Our commitment to the Paris Agreement builds on a long history of leadership in this space. In 1992 IBM helped the U.S. EPA launch the ENERGY STAR program. In 1994 we began to voluntarily disclose carbon dioxide emissions associated with IBM's consumption of energy and have done so annually now for 26 years. And in 2015, IBM was one of the first signatories to the American Business Act on Climate Pledge to demonstrate our support for the Paris Agreement.

    "Performance is a key measure of commitment. IBM has reduced the carbon dioxide emissions associated with our consumption of energy by 32 pct since 2005. We are on track to achieve our goal of a 40 pct reduction by 2025, a rate consistent with what scientists say is needed to limit warming to between 1.5 and 2.0 degrees C. Energy conservation has been -- and remains -- a key ingredient for this. IBM continues to rigorously conserve energy equal to at least 3 pct of its annual consumption, something we have done for decades. Reducing consumption, when possible, is preferable to purchasing offsets.

    "Responsible companies should also make transparent commitments regarding their consumption of renewable energy. Today, 38 pct of the global electricity IBM consumes comes from renewable sources, and we aim to increase this to 55 pct by 2025. Importantly, IBM does not rely upon the purchase of unbundled Renewable Energy Certificates (RECs) to offset its consumption of electricity from fossil fuels and thereby claim the company is a certain 'percent renewable.' Transparency matters in the transition away from carbon-based fuels, which is why our reporting about the use of renewables reflects our actual physical and matched consumption of renewable electricity.

    "Climate change is real, and that is why IBM supports a responsible plan to tax carbon emissions. It is also why IBM supports the Paris Agreement and is on track as a company to reduce emissions associated with our consumption of energy consistent with what scientists say is needed. And it is why we are making transparent our own use of renewable energy and aiming to increase that use substantially.

    "The enormity of the challenge requires more than business as usual. Putting a price on carbon emissions requires a plan in which economies will keep growing, but in a way that addresses the risks of a changing climate. We believe the Climate Leadership Council plan is the best way to secure agreement for action, and IBM will work to build support for it with elected officials, corporate colleagues, and our fellow citizens." (Source: IBM-The Weather Company (an IBM company), 2 Dec., 2019)

    More Low-Carbon Energy News IBM,  Carbon Tax,  Climate Change,  


    ISO Recommends Carbon Tax to Meet Renewables Goals (Ind Report)
    IOS New England
    Date: 2019-11-27
    IOS New England, the operator of the New England electricity grid is telling the region's political leaders that if they want to quickly add more renewable energy into the system, they should put a price-tax on carbon emissions or institute other market mechanisms.

    The ISO's comments were in response to a letter from a group of New England senators upbraiding ISO for failing to support the region's renewable energy goals, and preserving the fossil fuel status-quo.

    ISO countered that the integration of renewable resources has always been one of the organization's goals when existing fossil fuel generators are retired. Setting a system-wide price on carbon-emissions would be the most effective way to move that ahead, the ISO said. (Source: IOS New England, Maine Public Radio, 26 Nov., 2019) Contact: ISO New England, Gordon Van Welie, CEO, www.iso-ne.com

    More Low-Carbon Energy News IOS New England,  Carbon Price,  Carbon Tax,  Renewable Energy,  


    Switzerland, EU to Link Emissions Trading Systems (Int'l. Report)
    EU ETS
    Date: 2019-11-18
    In Bern the Swiss Federal Council is reporting approval of revisions to the country's Reduction of CO2 Emissions ordinance with the European Union Emissions Trading Scheme (EU ETS). The amended Ordinance was approved on November 13 and will enter into force on January 1, 2020.

    The Swiss-EU agreement regulates the mutual recognition of emissions rights from the two ETS systems, each with its own legal basis. From January 2020, emissions from civil aviation and fossil fuel power stations will be included in the Swiss ETS, as is currently the case in the EU.

    The EU ETS operates in 31 countries -- the EU's member states, plus Iceland, Liechtenstein, and Norway. A single, EU-wide cap applies, and auctioning is the default method for allocating allowances. The Swiss ETS is also based on the cap-and-trade principle.(Source: Swiss Federal Council, SwissInfo, TaxNews.com, 15 Nov., 2019) Contact: Swiss Federal Council, www.admin.ch/gov/en/start/federal-council.html

    More Low-Carbon Energy News EU ETS,  Carbon Tax,  Carbon Emissions,  


    German Parliament Approves Air Travel Carbon Tax (Int'l Report)
    German Carbon Tax
    Date: 2019-11-18
    The AP is reporting the German parliament has approved a bill to introduce a previously agreed upon carbon tax on transport and heating sectors. The parliamentarians also approved a price hike for airline tickets on domestic and European flights, as part of a broader package of measures designed to tackle climate change.

    The legislation includes tax breaks for commuters and people who invest in improving their home energy efficiency and insulation. (Source: MyNorthwest, AP, 15 Nov., 2019)

    More Low-Carbon Energy News Carbon Tax,  


    Evanston Updates Climate Action Plan Progress (Ind. Report)
    City of Evanston
    Date: 2019-11-08
    In Illinois, the city of Evanston, in coordination with several public interest organizations, is reporting the progress of the city's 2018 Climate Action and Resilience Plan (CARP), a comprehensive guide against climate change.

    CARP objectives include building energy efficiency requirements, making the city of roughly 75,000 residents zero-waste by 2050 through recycling and composting programs and urging the federal government to impose a national carbon tax. (Source: Evanston City Council, The Daily Northwestern, 7 Nov., 2019) Contact: City of Evanston, Kumar Jensen, Sustainability and Resiliency Officer, www,cityofevanston.org

    More Low-Carbon Energy News Climate Change,  


    Va. Citizens Climate Lobby Supports Carbon Tax (Ind Report)
    Citizens Climate Lobby
    Date: 2019-11-04

    In Blacksburg, Virginia, the global not-for-profit, nonpartisan Citizens Climate Lobby of the New River Valley has come out in support of the recently tabled Energy Innovation and Carbon Dividend Act [H.R. 763], a national carbon tax as introduced in the US the House of Representatives.

    The Act imposes a fee of $15 per metric ton of carbon dioxide emissions assessed on fossil fuels as far upstream as possible. It is estimated that the policy will reduce America's CO2 emissions by 40 pct within the first 12 years and will create 2.1 million new jobs.

    The Citizens Climate Lobby aims to empower citizens to create political will and address the climate crisis with a national carbon tax and dividend policy through a program of "levers of political will" -- government lobbying, media relations, grassroots outreach and chapter development. (Source: CCL, Roanoake Times, 3 Nov., 2019) Contact: CCL, www.citizensclimatelobby.org

    More Low-Carbon Energy News Citizens Climate Lobby,  Climate Change,  Carbon Tax,  


    Oil & Gas Climate Initiative Commits to Cutting Emissions (Int'l)
    Oil and Gas Climate Initiative
    Date: 2019-10-28
    In London, the thirteen-member Oil and Gas Climate Initiative (OGCI) is reporting a $1 billion commitment to support the goals of the Paris Climate Accord -- including investments in carbon capture, use and storage (CCUS) and supporting carbon taxes and economic incentives aimed at reducing emissions.

    Initially, OGCI will help decarbonize multiple industrial hubs in the United States, United Kingdom, Norway, the Netherlands and China. The OGCI also aims to build on the industry's reduction in methane emissions (9 pct in 2018) and to include carbon emissions in hope that future temperature increases will not exceed 2 degrees Celsius. To complement its methane emissions-intensity target, OGCI seeks to reduce collective average carbon intensity by 2025.

    The OGCI member companies -- BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total -- account for 32 pct of global operated oil and gas production, according to the OGCI website. (Source: OGCI, Alex Mills, Tims Record News, 28 Oct., 2019) Contact: Oil and Gas Climate Initiative, +44 (0)203 922 0853, contact@climateinvestments.energy, www.oilandgasclimateinitiative.com

    More Low-Carbon Energy News Oil and Gas Climate Initiative ,  


    France Calls for Aviation, Maritime Fuel Carbon Tax (Int'l Report)
    France Carbon Tax
    Date: 2019-10-18
    According to a Reuters report, French Finance Minister Bruno Le Maire is calling for a tax on maritime shipping and aviation fuels as part of a drive to reduce carbon emissions. The proposed tax would complement plans supported by France and Germany for a carbon border tax that would shield European companies from competition from countries with lower emissions standards.

    The Finance Minister noted France would also review its public export guarantees in line with its Paris Climate Agreement commitment to stop financing coal-related projects that increase the growth of carbons emissions. (Source: ShipInSight, Reuters, 17 Oct., 2019) Contact: French Finance Minister Bruno Le Maire, https://en.wikipedia.org/wiki/Bruno_Le_Maire

    More Low-Carbon Energy News Carbon Tax,  Maritime Fuel,  Aviation Fuel,  Fuel Carbon Tax,  


    Irish Carbon Tax Raises €3Bn (Int'l. Report)
    Carbon Tax
    Date: 2019-10-14
    In Dublin, Ireland, the Oireachtas Public Accounts Committee has announced the country's National Oil Reserve Agency has raised more than €3billion ($3.309 billion) in carbon tax revenue since 2010 while at the same time subsidizing coal and turf (peat). The National Oil Reserve Agency has also accumulated a surplus of more than €200 million that will be rolled into a climate action fund.

    Both coal and turf (peat), which are used for heat and electric power production, are expected to be eventually phased out because of their high contribution of CO2 to greenhouse gas emissions. (Source: Oireachtas Public Accounts Committee, 10 Oct., 2019) Contact: Oireachtas Public Accounts Committee, www.oireachtas.ie; National Oil Reserve Agency, +353 1 676 9390, www.nora.ie

    More Low-Carbon Energy News Carbon Tax,  


    Energy Costs Must Rise Sharply to Avoid Climate Crisis (Int'l.)
    IMF,International Monetary Fund
    Date: 2019-10-14
    According to the Washington, DC-based International Monetary Fund (IMF), avoiding dangerous global warming-climate change will require world government's to impose stringent taxes on fossil-fuel usage -- equating to a 43 pct hike in household energy bills over the next decade. The IMF notes the battle against climate change could only be won if the average carbon tax levied by its member states increased from $2 to $75 a ton.

    IMF's economists show that a $75-a-ton carbon tax would also lead to an average 214 pct increase in the cost of coal and a 68 pct increase in natural gas. For the UK, the increases would be 157 pct for coal, 51 pct for natural gas, 43 pct for electricity and 8 pct for gasoline.

    The IMF said it was calling for a substantially higher carbon tax because the CO2 from fossil fuels accounted for almost two-thirds of global greenhouse gas emissions and was the most immediately practical to control. (Source: International Monetary Fund, Various Media, Guardian, Oct., 2019) Contact: International Monetary Fund, www.imf.org

    More Low-Carbon Energy News International Monetary Fund,  ,  Carbon Tax,  


    Irish Carbon Tax Raises €3Bn (Int'l. Report)
    Carbon Tax
    Date: 2019-10-14
    In Dublin, Ireland, the Oireachtas Public Accounts Committee has announced the country's National Oil Reserve Agency has raised more than €3billion ($3.309 billion) in carbon tax revenue since 2010 while at the same time subsidizing coal and turf (peat). The National Oil Reserve Agency has also accumulated a surplus of more than €200 million that will be rolled into a climate action fund.

    Both coal and turf (peat), which are used for heat and electric power production, are expected to be eventually phased out because of their high contribution of CO2 to greenhouse gas emissions. (Source: Oireachtas Public Accounts Committee, Irish Times, 10 Oct., 2019) Contact: Oireachtas Public Accounts Committee, www.oireachtas.ie; National Oil Reserve Agency, +353 1 676 9390, www.nora.ie

    More Low-Carbon Energy News Carbon Tax news,  


    Tour Operator Paying Self-Imposed $1Mn Carbon Tax (Ind.Report)
    Rick Steves
    Date: 2019-10-09
    Popular U.S. tour and travel guide operator Rick Steves reports his company plans to donate $1 million directly to non-profits that work in the developing world countries that bear the worst effects of climate change. The donation is based on the recommended $30 carbon offset credit for every round-trip economy class ticket from the US to Europe.

    He is particularly keen about organizations that attack the problem at a policy level. (Source: Rick Steves Travel, Quarts, 5 Oct., 2019) Contact: Rick Steves Travel, www.ricksteves.com

    More Low-Carbon Energy News Carbon Emissions,  CO2,  Climate Change,  


    German Carbon Tax Expected to Raise €19Bn by 2023 (Int'l.)
    German Carbon Tax
    Date: 2019-10-02
    In Berlin, the German Finance Minister Olaf Scholz reports the government expects its €10 per ton CO2 pricing starting in 2021 in the buildings and transport sectors will bring in €18.8 billion by 2023 for its Climate Action Package, according to the German business publication Handelsblatt.

    The Climate Action Package is an economic plan for the country's Energy and Climate Fund, which is expected to grow from €6.1 billion this year to €11.75 billion in 2023. Revenues from the European trade of CO2 allowances in energy and industry (EU ETS) are expected to raise an additional €14 billion. The Climate Action Package is intended to put the country on track to meet its 2030 climate targets. (Source: Handelsblatt, Clean Energy Wire, Other Media, 1 Oct., 2019) Contact: German Finance Minister, Olaf Scholz, www.bundesfinanzministerium.de

    More Low-Carbon Energy News EU ETS,  German Carbon Tax,  Carbon Tax,  


    Germany Plans Multi-Billion Euro Climate Deal (Int'l. Report)
    Carbon Tax, German Carbon Tax
    Date: 2019-09-23
    In Berlin, German chancellor Angela Merkel's coalition government has reportedly agreed on a carbon price -- tax to meet its targeted 55 pct cut in carbon emissions by 2030. The price -- tax -- for CO2 emissions in transport and buildings is expected to come into force in 2021 at an estimated cost of €54 billion ($60 billion) by 2023.

    The German system will be based on a trade in emissions certificates under the EU's emissions trading scheme (EU ETS). Germany is on course to miss its 2020 target of reducing 1990 greenhouse gas emissions by 40 pct, according to the Times of Aman report. (Source: Times of Oman, 22 Sept., 2019)

    More Low-Carbon Energy News EU ETS,  Carbon Tax,  Climate Change,  German Carbon Tax,  


    Carbon Tax Included in Germany's €40Bn Climate Pkg. (Int'l.)
    Climate Change
    Date: 2019-09-16
    In Germany, Chancellor Angela Merkel's Christian Democratic Union of Germany (CD) governing coalition is reportedly expected to release it latest plan to cut its greenhouse gas emissions by 55 pct by 2030 compared to the 1990 levels. The government's package of measures, which could cost well over €40 billion ($44.6 billion) until 2023, is slated to be released on Friday, September 20.

    The government's plans are expected to include a broad range of issues such as extending grants for electric car buyers, expanding a network of charging stations, raising road taxes for polluting vehicles, improving building energy efficiency, raising a green surcharge on air travel and a possible carbon tax.

    As previously reported, Germany is expected to miss its own emissions goals for 2020. (Source: DW, 15 Sept., 2019)

    More Low-Carbon Energy News Climate Change,  German Climate Change,  


    No-Deal Brexit Means Lower Carbon Tax for UK Industries (Int'l)
    Carbon Tax
    Date: 2019-09-11
    In the UK, the Herald Media is reporting PM Boris Johnson's government is preparing to impose a tax of £16 per ton of carbon, if the country exits the European Union without a deal on the 31st of October.

    This tax would come into effect from the 4th of November, and would apply to all stationary installations that are currently subject to the EU ETS.

    If the UK were to leave the EU without a deal, the country will also not be subject to the 28-member European Union's Emissions Trade System (EU ETS) which is key to the EU and its member nations meeting emission reduction obligations.

    While UK businesses currently pay a carbon tax rate of £26 under the EU ETS, a "No Deal Brexit" carbon tax would result in a £10 cut in the carbon tax rate and would be profitable for UK industries. (Source: Herald Media, 10 Sept., 2019)

    More Low-Carbon Energy News EU ETS,  Carbon Tax,  Carbon Emissions,  


    Irish "Environmentally Damaging" Climate Change Directed Spending Opposed (Int'l. Report)
    Social Justice Ireland
    Date: 2019-09-04
    In Dublin, Social Justice Ireland is criticizing the Government's €4 billion yearly incentives, lost and forgiven taxes and other expenditures as "potentially environmentally damaging." The not-for-profit organization suggests this €4 billion would go a long way to supporting a "Just Transition Fund" for low income households in rural Ireland most affected by the implementation of the necessary changes to support climate action.

    Social Justice Ireland notes these subsidies effectively cancel out 80 pct of all tax revenues collected through environmental taxes -- the carbon tax -- and thus undermine any positive impact environmental taxes might have.

    The group classed fuel allowances for low income households as a potentially damaging subsidy because they could result in increased greenhouse gas emissions through the unnecessary use of fossil fuels. The group suggests the subsidies be spent on fuel allowances for low income households to refurbish properties through improved energy efficiency. The group is also opposed to indirect subsidies -- including tax revenues forgone by the imposition of lower excise duties on diesel, kerosene, gas oil, aviation fuel, so-called green diesel and other fuel oil -- and most farm related subsidies as being potentially environmentally damaging.

    Also included in the €4 billion targeted by Social Justice Ireland are direct government subsidies such as the transfer of €115 million from electricity consumers through a PSO levy to subsidize the burning of peat for electricity to maintain jobs in the midlands. (Source: Social Justice Ireland, RTE.ie Ireland's National Public Service Broadcaster, 3 Sept., 2019) Contact: Social Justice Ireland, +353 1 213 0724, www.socialjustice.ie

    More Low-Carbon Energy News Climate Change,  


    Ontario Files Top Court Challenge to Fed. Carbon Tax (Ind Report)
    Ontario Carbon Tax
    Date: 2019-08-30
    Reporting from Queens Park, Ontario Premier Doug Ford's (C) government reports it has filed a challenge with the country's top court against the Canadian Federal government's carbon tax.

    The province, Canada's most populous, argues that Ontario's Court of Appeal was wrong to find the carbon price was "constitutional and within the federal government's right to impose." Federal lawyers had argued that the Greenhouse Gas Pollution Pricing Act -- under which the carbon tax is imposed -- was a legitimate response to potentially catastrophic climate change. (Source: Various Media, Canadian Press, 28 Aug., 2019) Contact: Office of Ontario Premier Doug Ford, www.ontario.ca/page/premier

    More Low-Carbon Energy News Ontario Carbon Tax,  Canada Carbon Tax,  Doug Ford,  


    Denver Carbon Tax Vote Slated for 5 Nov. (Ind. Report)
    Denver
    Date: 2019-08-28
    On Monday in Colorado, the Denver mayor's office and Denver City Council announced an agreement that will see a proposed carbon tax proposal on the ballot of an upcoming Nov. 5 election.

    The measure, which includes the creation of an Office of Climate Action, Sustainability and Resiliency, would apply to commercial and industrial buildings in Denver. The Nov. 5 vote may, however be postponed until June 1, 2020 in light possible amendments to consider funding and other issues.

    The Office of Climate Action, Sustainability and Resiliency would, under the agreement, be functional by next July 1, 2020 and will combine employees from the existing Office of Sustainability and Department of Public Health and Environment. It would report to the mayor. (Source: The Denver Channel, 26 Aug., 2019)

    More Low-Carbon Energy News Carbon Tax,  


    Think Tank Warns of Carbon Tax "Carbon Leakage" (Ind. Report)
    Fraser Institute
    Date: 2019-08-23
    A recently released study from the Canadian think tank, the Fraser Institute, contends Canada's federal carbon tax will increase production costs in certain key sectors and could trigger "carbon leakage" -- a phenomenon where firms relocate industrial activity to countries with less-stringent climate policies.

    According to the study, the federal carbon tax, which is set to reach $50 per tonne in 2022, will increase the cost of energy and make some Canadian businesses less competitive compared to firms in other countries including the U.S..

    The study identifies petroleum and coal-product manufacturing sector (which will see costs increase 24.8 per cent due to the federal carbon tax), agriculture chemical manufacturing (pesticides, fertilizers, etc.), basic chemical manufacturing, cement and concrete product manufacturing, and primary metal manufacturing as the most vulnerable to waning competitiveness and carbon leakage.

    Access the report HERE (Source: Fraser Institute, PR, Aug., 2019) Contact: Fraser Institute, Elmira Aliakbari, Dir. of Natural Resource Studies, (514) 281-9550, www.fraserinstitute.org

    More Low-Carbon Energy News Fraser Institute,  Carbon Emissions,  CO2,  Carbon Leakage,  


    Vietnam Cement Producers Prepare for Carbon Tax Pilot (Int'l.)
    Carbon Tax
    Date: 2019-08-09
    In Hanoi, the Vietnam Ministry of Agriculture and Rural Development is reporting the planned 2020 launch of a one-year carbon tax pilot program that will affect 11 cement and 9 power production plants across the country.

    Under the scheme, cement producers and traders will be charged US$0.09/t of clinker, equivalent to US1.35/t of CO2. The tax is lower than the World Bank's Forest Carbon Partnership Facility pledge to pay for emission reduction efforts in North Central Region of US$5/t of CO2. The provinces running the tariff are expected to generate around US$7.4 million per year. (Source: Vietnam News Agency Bulletin, Global Cement News, 4 Aug., 2019)

    More Low-Carbon Energy News Cement,  Carbon Tax,  


    Canadians Want Gov. Climate Change Action, says Poll (Ind. Report)
    iPol
    Date: 2019-07-31
    Over 60 pct of Canadians want the government to address climate change with action even if the economy suffers, according to a Mainstreet poll 2,651 Canadians conducted for iPolitics.

    The 61 pct was higher in Quebec at 76.8 per cent, 67.3 pct in Atlantic Canada and 62 pct in British Columbia. In oil-soaked Alberta only 36.5 pct agreed.

    Additionally, roughly 47 pct of respondents said a carbon tax was not helpful to the economy and 85 pct agreed that private companies should have to pay to pollute. Also, just under 68 pct of respondents agreed there is a "collective moral duty to future generations to not destroy the environment further, even if it means paying more taxes in the short term." (Source: iPolitics, 30 July, 2019)

    More Low-Carbon Energy News Climate Change,  


    U.S. Dem. Senators Unveil Climate Action Rebate Act (Reg. & Leg.)
    Carbon Tax
    Date: 2019-07-26
    In the nation's capitol, Sen. Chris Coons (D-Del.) reports he and Sen. Dianne Feinstein (D-Calif.) will introduce the Climate Action Rebate Act -- a carbon tax -- that could generate $2.5 trillion in revenues over 10 years starting in 2020, according to a Reuters report.

    The act would rebate about 70 pct of its revenue to families with under $130,000 per year income and use the remainder for energy infrastructure, job retraining for fossil fuel workers, and low-carbon energy R&D. The bill would cut U.S. carbon emissions 55 pct by 2030 and 100 pct by 2050 compared to 2017 levels. (Source: Various Media, Reuters, Japan Times, 25 July, 2019) Contact: Senator Dianne Feinstein, www.feinstein.senate.gov/public/index.cfm/e-mail-me; Senator Ghris Coons, www.coons.senate.gov/contact

    More Low-Carbon Energy News Carbon Tax,  U.S.Carbon Tax,  Climate Change,  Carbon Emissions,  


    South African Carbon Tax Now In Force (Int'l Report)
    Carbon Tax,South Africa
    Date: 2019-07-19
    In Johannesburg, South Africa, the Southern Courier is reporting that country's recently enacted carbon tax is now fully in force. The 120 Rand ($8.63 US) per tonne carbon tax is intended to penalize large South African emitters of greenhouse gase and thus help . minimize the climate risks that hydrocarbon fuels present, being a major cause of air pollution and global warming.

    According to the International Monetary Fund, carbon tax is the best way to cut greenhouse gas emissions as it allows for a reduction in energy consumption. (Source: Southern Courier, 18 July, 2019)

    More Low-Carbon Energy News Carbon Tax,  GHG Emissions,  CO2,  South Africa Carbon Tax,  


    Canadian PC Leader Vows to Scrap Clean Fuel Standard (Ind. Report)
    Clean Fuel,Paris Climate Agreement
    Date: 2019-07-10
    The CBC is reporting Progressive Conservative (PC) Party Leader and Prime Ministerial hopeful Andrew Scheer says a government led by him would scrap a "secret fuel tax" -- a plan by the sitting Liberal government of Prime Minister Justin Trudeau to improve fuel standards and cut emissions through regulatory changes that have not yet been finalized.

    In addition to the existing carbon tax regime, the Liberal government aims to make the heating and transportation fuel supply cleaner to reduce carbon emissions and help Canada meet targets set under the Paris Climate Agreement.

    According to a government backgrounder, fossil fuel suppliers will be able to meet the performance standard by "taking action themselves" to make fuels cleaner -- through improvements to the refining process, for example, or by purchasing credits from low-carbon-intensity fuel producers and other credit generators. (Source: CBC News, Various Media, 8 July, 2019)

    More Low-Carbon Energy News Vehicle Emissions,  Clean Fuel Standard,  Paris Climate Agreement,  Clean Fuel,  


    U.S. Mayors Pressure Congress on Carbon Tax, Climate Lawsuits and a Green New Deal (Opinions, Editorials & Asides)
    U.S. Conference of Mayors
    Date: 2019-07-03
    Reporting from the U.S. Conference of Mayors annual meeting in Honolulu, the mayors of hundreds of U.S. cities are calling for federal carbon tax price "sufficient enough to reduce carbon emissions in line with ambitions detailed in the Paris Agreement on climate change."

    The mayors also voted in support of a resolution endorsing the idea of a Green New Deal, called for Congress to adopt "a comprehensive national response" to climate change, The mayors also voted to oppose President Donald Trump's plan to freeze vehicle fuel economy standards, and to endorse individual cities' right to sue over climate change damages and protect taxpayers from related mitigation and adaptation costs. The mayors also oppose any action by Congress or in state legislatures "to limit or eliminate cities' access to the courts by overriding existing laws or in any way giving fossil fuel companies immunity from lawsuits over climate change-related costs and damages."

    The U.S. Conference of Mayors includes the leaders of about 1,400 cities with populations greater than 30,000. about 1,400 cities. (Source: U.S. Conference of Mayors, Inside Climate News, 2 July, 2019) Contact: U.S. Conference of Mayors, www.usmayors.org

    More Low-Carbon Energy News U.S. Conference of Mayors,  Climate Change,  Green New Deal,  


    Netherlands Announces Carbon Tax, Climate Change Plan (Int'l)
    Carbon Tax,Netherlands
    Date: 2019-07-01
    At the Hague, the Netherlands Minister of Economic Affairs and Climate Policy has announced wide-ranging measures aimed at addressing climate change -- including a carbon tax. The Ministry's measures are intended to cut the nation's carbon emissions by half by 2030.

    The carbon tax is expected to start at €30 ($34) per ton of carbon emissions in 2021 and rise as high as €150 ($170) per ton in 2030, according to the government release. The Netherlands is aiming to generate 70 pct of its energy from by 2030 and to become 100 pct carbon neutral by 2050. (Source: Netherlands Minister of Economic Affairs and Climate Policy, Yahoo Finance, Various Media, 28 June, 2019) Contact: Netherlands Minister of Economic Affairs and Climate Policy, +31 70 379 89 11, www.government.nl/ministries/ministry-of-economic-affairs-and-climate-policy

    More Low-Carbon Energy News Carbon Tax,  Carbon Emissions,  


    Air Travelers Prefer Aviation Biofuels Over Env. Tax (Int'l)
    International Air Transport Association
    Date: 2019-06-24
    According to International Air Transport Association (IATA) commissioned research, air passengers support the development of new technologies and sustainable aviation biofuels to reduce aviation carbon emissions rather than the imposition of an "environmental" tax on airline tickets.

    The commercial air transport industry is targeting a cap of CO2 emissions through carbon neutral growth from 2020 and aims to halve emissions by 2050, compared to 2005 levels, ensure the aviation industry's compatibility with the Paris climate agreement goals. (Source: International Air Transport Association, Biofuels Int'l, 24 June, 2019)

    More Low-Carbon Energy News Aviation Biofuel news,  Carbon Tax news,   news,  


    Conservative Groups Urge Carbon Tax Rejection (Reg. & Leg.)
    Goldwater Institute
    Date: 2019-06-19
    More than 70 leaders from Americans for Tax Reform, the Goldwater Institute, the Competitive Enterprise Institute, the Independent Women's Forum, the Texas Public Policy Foundation and other conservative-leaning organizations have written an open letter urging the U.S. Congress not to impose carbon taxes.

    "We oppose any carbon tax. A carbon tax raises the cost of heating your home in the winter and cooling your home in the summer. It raises the cost of filling your car. A carbon tax increases the cost of everything Americans buy and lowers Americans' effective take home pay. A carbon tax increases the power, cost, and intrusiveness of the government in our lives", the letter claimed.

    The letter was reportedly a reaction to mainstream Republican Sen. Mitt Romney's comment on possibly co-sponsoring a $15 per ton carbon tax bill with Delaware Democrat Cris Coons. If Romney were to co-sponsor carbon tax legislation, he would likely be the only Republican senator openly supporting it. (Source: Goldwater Institute, The Hayride, 15 June, 2019) Contact: Goldwater Institute, 602-462-5000, www.goldwaterinstitute.org

    More Low-Carbon Energy News Carbon Tax,  


    Manitoba Ups Emission Levels, Dashes Carbon Tax (Ind Report)
    Manitoba Carbon Tax
    Date: 2019-06-12
    In Winnipeg on the Canadian Prairies, Manitoba's Progressive Conservative government reports it aims to reduce annual emissions by one megatonne of carbon dioxide equivalent (CO2e) by 2022 -- less than half of the previous government's 2017 targeted reductions. To that end, the provincial government announced it is reducing GHG emissions and eliminating a possible carbon tax.

    In a statement the Manitoba Minister of Sustainable Dev elopement said; "We've removed the carbon-pricing (tax) element from our plan and are moving forward with getting real emissions reductions. (There are) several more initiatives to come that will help us transition to a low-carbon future without imposing a tax on Manitobans."<

    In 2017, the federal Liberal government of Prime Minister Justin Trudeau said Manitoba's then proposed carbon tax was insufficient an demanded the province match the federal carbon tax of $20 a tonne rising to $50 per ton by 2022. To date, Manitoba, Saskatchewan, Ontario and New Brunswick have challenged the federal carbon tax plan. (Source: Manitoba Ministry of Sustainable Development, CBC, Canadian Press, 10 June, 2019) Contact: Manitoba Sustainable Development, Hon. Rochelle Squires, Minister, (204) 945-6784, www.gov.mb.ca/sd

    More Low-Carbon Energy News Manitoba Carbon Tax,  Canada Carbon Tax,  Carbon Emissions,  Climate Change,  


    Oil-Soaked Alberta Ditches Provincial Carbon Tax (Reg. & Leg.)
    Alberta Carbon Tax
    Date: 2019-06-07
    On the Canadian prairies, the province of Alberta reports it has officially approved legislation to kill the self-imposed provincial carbon tax which came into effect on Jan. 1, 2017. The oil-soaked province's newly elected Conservative Premier Jason Kenney had vowed to eliminate the carbon tax in his election campaign.

    The province had stopped charging the tax last week, although it is still imposed on large CO2 emitters.

    Alberta's action will automatically trigger a Canadian liberal government imposed carbon tax of C$20 ($14.91) per ton, increasing by C$10 ($7.46) per year to a high of C$50 ($37.28) per ton in 2022. (Source: CBC News, Kallanish, Various Cdn. Media, 6 June, 2019)

    More Low-Carbon Energy News Carbon Tax,  Canada Carbon Tax,  


    Netherlands Calls for Minimum CO2 Emissions Price (Int'l, Reg & Leg)
    Carbon Tax
    Date: 2019-06-05
    In Amsterdam, the Government of the Netherlands Prime Minister Mark Rutte has proposed legislation setting a minimum price of €12.30 per tonne of CO2 emissions by electricity producers. If approved by parliament, the law would come into force in Jan., 2020, rising to €31.90 in 2030. The Dutch carbon tax would supplement the European Union's Emissions Trading System (ETS). (Source: Gov. of the Netherlands, Reuters, June, 2019)

    More Low-Carbon Energy News EU ETS,  Carbon Tax,  Carbon Emissions,  


    CDN Carbon Tax Funds Energy Efficiency Rebates (Ind. Report)
    Energy Efficiency
    Date: 2019-06-03
    In Ottawa, Canadian Environment Minister, Hon. Catherine McKenna is reporting the launch of launching a direct rebate program for small and medium-sized businesses to get back up to half the cost of buying more energy-efficient equipment and appliances.

    It's expected the rebates will be worth $44 million this year and the maximum rebate for any individual business will be $20,000.

    A separate program will allow businesses to apply to get rebates for energy efficiency retrofits. That program, which will be about $106 million this year, will be for projects that cost up to $1 million. The funds come from the revenues Canada is collecting from the $20-a-tonne carbon price imposed April 1, 2019. (Source:Canadian Environment Minister, Hon. Catherine McKenna, Canada Press, 30 May, 2019) Contact: Canada Ministry of the Environment, Hon. Catherine McKenna, Minister, www.canada.ca/en/environment-climate-change.html

    More Low-Carbon Energy News Catherine McKenna,  Energy Efficiency,  Energy Efficiency Rebates,  


    Cdn. Energy Efficiency Rebates Funded by Carbon Tax (Ind. Report)
    Energy Efficiency, Carbon Tax
    Date: 2019-05-31
    Following up on our 6 March coverage, Canadian Environment Minister, Hon. Catherine McKenna is reporting the launch of a direct rebate program for small and medium-sized businesses. The rebates would cover approximately 50 pct of the purchase price energy-efficient equipment and appliances.

    A separate program will allow businesses to apply for rebates for energy efficiency retrofits. That program, which will be about $106 million this year, will be for projects that cost up to $1 million. It's expected the rebates will be worth $44 million this year and the maximum rebate for any individual business will be $20,000.

    The funds come from the revenues Canada is collecting from the $20 per-tonne carbon price imposed April 1, 2019. (Source: Canadian Environment Minister, Hon. Catherine McKenna, Canada Press, 30 May, 2019) Contact: The Hon. Catherine McKenna, Canada Minister of Environment and Climate Change, www.facebook.com/McKenna.Ottawa

    More Low-Carbon Energy News Energy Efficiency Rebate,  Energy Efficiency,  Catherine McKenna,  


    South Africa Sets National Carbon Tax Rate (Int'l Report)
    Aouth Africa
    Date: 2019-05-27
    In Pretoria, the South African National Treasury reports the country's newly elected President has signed into law a long-delayed carbon tax as part of its commitment to lower carbon emissions and to meet agreements on global climate change.

    Beginning June 1, 2019 to December 2022, the carbon tax rate will be 120 rand ($8.34) per tonne of carbon dioxide equivalent (CO2e). Allowable tax breaks will reduce the effective rate to between 6 rand and 48 rand per tonne of CO2, according to the National Treasury release. (Source: South African National Treasury,Citizen, Various Media, 26 May, 2019)

    More Low-Carbon Energy News Carbon Tax,  


    Notable Quote -- JP Morgan CEO Jamie Dimon's Thoughts on "Green"
    Carbon Emissions
    Date: 2019-05-20
    "So here's my view: -- at JPMorgan we have risk committees, and green stuff. And we're going to be 100 percent green ourselves. We're very careful who we do -- how we do it. I didn't pick it up because it's hard to have a policy around that. So here's my own view, OK, is that I believe that this carbon dividend, carbon tax -- which some of you may have seen George Shultz and Jim Baker and, like, eight secretaries of state, former secretary of trade signed onto it. I think it's brilliant. And that is the solution. And so I personally would support something like that. And the company may say we support proper policy to start reducing CO2. I do think it's an issue." -- Jamie Dimon, Chairman & CEO, JP Morgan Chase

    More Low-Carbon Energy News Climate Change ,  Carbon Emissions,  


    Dominion Energy Supports Carbon Tax (Ind. Report)
    Dominion Energy,CEO Climate Dialogue
    Date: 2019-05-17
    In the Old Dominion State, Richmond-headquartered Dominion Energy, which relies heavily on nuclear power and is rapidly expanding its solar portfolio, reports it is joining the CEO Climate Dialogue, a coalition of corporations and environmental groups in support of a carbon tax and other measures designed to reduce CO2 emissions.

    CEO Climate Dialogue is aiming for economy-wide carbon emission reductions of 80 pct or more by 2050, with aggressive near- and mid-term emission reductions commensurate with that goal.

    The group also "aims to build bipartisan support for climate policies that will increase regulatory and business certainty, reduce climate risk, and spur investment and innovation needed to meet science-based emissions reduction targets." BP, Shell, BG&E, DTE Energy, Exelon and other energy majors are among the group's membership. (Source: Dominion Energy, Bacon's Rebellion, Blog, 16 May, 2019) Contact: Dominion Energy, Thomas F. Farrell, CEO, Keith Windle, VP Business Development, www.dominionenergy.com; CEO Climate Dialogue, http://business.edf.org/blog/tag/ceo-climate-dialogue

    More Low-Carbon Energy News Dominion Energy,  Carbon Tax,  CEO Climate Dialogue,  


    Trudeau Carbon Tax Challengers Suffer a Body Blow (Ind. Report)
    Canada Carbon Tax
    Date: 2019-05-06
    On the Canadian prairies, the Saskatchewan Court of Appeal has ruled that Liberal Prime Minister Justin Trudeau's Greenhouse Gas Pollution Pricing Act "falls within the legislative authority of Parliament. It is not unconstitutional in whole or in part."

    Saskatchewan Premier Scott Moe (C), along with the province of Ontario and New Brusnwick, had challenged the Trudeau government's carbon tax in Canada's top court Friday, after a lower court ruled it is constitutional.

    Apparently still itching for a fight, Saskatchewan Premier Scott Moe immediately vowed to appeal the ruling to the Supreme Court of Canada. Oil-soaked Alberta's newly-elected Premier Jason Kenney vowed to join Moe and (Conservative) Ontario Premier Doug Ford in opposition to the fed's imposed carbon tax. (Source; CBC, National Observer, Various Media, 3 May, 2019)

    More Low-Carbon Energy News Canada Carbon Tax,  


    Notable Quote -- German Chancellor Angela Merkel Talks Carbon Tax
    Carbon Tax
    Date: 2019-05-03
    "We would be ignorant if we did not include the latest reports in our considerations -- We have regulatory law as an option, we have fiscal incentive measures, and we have general CO2 pricing, which we are looking at but for which we have not yet decided. We will, however, include them (in our climate cabinet's further discussions)" -- German Chancellor Angela Merkel.

    Merkel's government is under pressure to complete measures and legislation that will ensure greenhouse gas reductions of 55 pct by 2030, so as to avoid target failure and costly payments for emission allocations under the EU effort sharing regulation. To that end, the government is exploring the introduction of a CO2 tax. (Source: Various Media, Clean Energy Wire, 11 April, 2019)

    More Low-Carbon Energy News Carbon Tax,  


    Microsoft Joins Climate Leadership Council (Ind. Report)
    Climate Leadership Council
    Date: 2019-05-03
    Following up on our 17th April coverage, Microsoft reports it has joined the Climate Leadership Council. The Climate Leadership Council was founded by former secretaries of state James Baker and George Shultz, renowned scientist Stephen Hawking, BP, ExxonMobil, and Shell, General Motors and others. Membership includes 3500+ economists, 27 Nobel laureates and 15 former Chairs of the Council of Economic Advisers.

    According to the organization's website, The founding Members of the Climate Leadership Council believe that America needs a consensus climate solution that bridges partisan divides, strengthens our economy and protects our shared environment."

    The Council's carbon dividends solution embodies the conservative principles of free markets and limited government. It also offers an equitable, popular and politically-viable way forward, paving the way for a much-needed bipartisan climate breakthrough. The Council's carbon dividends program is based on four interdependent pillars:

  • A gradually rising and revenue-neutral carbon tax;
  • Carbon dividend payments to all Americans, funded by 100 pct of the revenue;
  • The rollback of carbon regulations that are no longer necessary; and
  • Border carbon adjustments to level the playing field and promote American competitiveness.

    Alongside a growing carbon tax, the Climate Leadership Council wants to rollback carbon regulations that are no longer necessary and pay these carbon taxes back to citizens in the form of dividends. The group also plans to push for rising carbon taxes in replacement of other climate legislation while protecting its members from historic climate damage payments, according to its website.

    Microsoft recently committed to a $15 per ton internal carbon tax and announced that its campus will soon be run with 100 pct carbon-free electricity. It also ramped up its data center plans to run on 70 pct renewable by 2023. (Source: Microsoft, Climate Leadership Council, WinBuzzer, 2 May, 2019) Contact: Climate Leadership Council, www.clcouncil.org

    More Low-Carbon Energy News Climate Leadership Council,  Carbon Emissions,  Carbon Tax,  


  • Notable Quote from Microsoft
    Microsoft
    Date: 2019-05-03
    "We are getting extremely impatient, frankly, for policy action on climate change. We support a carbon fee because we believe it's a policy mechanism that works and accords with economic principles." -- Lucas Joppa, Chief Environmental Officer, Microsoft,

    More Low-Carbon Energy News Microsoft,  Carbon Tax,  Carbon Fee,  


    O'Rourke Floats Climate Proposal (Opinions, Editorials & Asides)
    Beto O'Rourke
    Date: 2019-05-01
    2020 Dem. presidential candidate Beto O'Rourke has released what he's calling "the most ambitious climate plan in the history of the United States and the most comprehensive climate policy proposal put out by any 2020 contender to date."

    O'Rourke's proposal calls for halving greenhouse gas emissions by 2030 and net-zero emissions by 2050 through a program of: executive action; a $5 trillion over 10 years investment in a clean energy transition; and preparing vulnerable communities for the impacts of climate change.

    Although the plan is focused on climate and energy -- cutting emissions and creating alternatives -- approximately $3.5 trillion is allocated through tax incentives, loans, and other financing mechanisms for infrastructure, research, resilience, and clean energy deployment. The outlay would be funded by "structural changes to the tax code" that end tax breaks to fossil fuel companies and raise rates on corporations and top earners. Of the remaing $1.5 trillion, $1.2 trillion would go to grants for sustainable housing, transportation, public health, farming, and start-ups.

    As opposed to a carbon tax or a cap-and-trade system, O'Rourke is advocating a legally-binding net-zero emissions standard by 2050. The plan doesn't rule out pricing carbon but instead focuses on setting definitive goal posts. If elected, O'Rourke noted will re-enter the Paris climate agreement, implement rules to cut methane and other "super-potent" GHG emissions, tighten clean air rules, ramp up appliance efficiency standards, demand clean energy procurement from federal contractors, and end new fossil fuel leases on public lands. (Source: Vox, Various Media, 30 April, 2019)

    More Low-Carbon Energy News Climate Change,  Carbon Emissions,  Carbon Tax,  Methane,  Clean Air,  


    Calif. Eateries Adding Climate Change Surcharge (Ind. Report)
    Carbon Tax,Perennial Farming Initiative
    Date: 2019-04-29
    In the Golden State, a new program created as a collaboration with the California Air Resources Board (ARB), the California Food and Agricultural Department and the not-for-profit Perennial Farming Initiative gives California restaurants the option to adhere to the voluntary Restore California Renewable Restaurant program and add a voluntary 1 pct surcharge-carbon tax to diners' bills as part of the fight against climate change. The extra money will go to support environmentally friendly farming practices. (Source: The Hill, NY Post, Various Media, 27 April, 2019) Contact: Perennial Farming Initiative, www.perennialfarming.org

    More Low-Carbon Energy News CARB,  Carbon Tax,  


    Microsoft Aiming for 100 pct Renewable Energy (Ind. Report)
    Microsoft
    Date: 2019-04-17
    Redmond, Washington-based tech giant Microsoft reports the unveiling of new sustainability plans to shift its data centers to 75 pct renewable energy by 2023 rising to 100 pct within the next decade. The company is also launching a new initiative to encourage recycling of data center assets using artificial intelligence (AI) and other techniques.

    Additionally, Microsoft plans to nearly double its 2012 "internal carbon tax" to $15 per metric ton as part of the effort. The "internal carbon tax" is based on projected carbon emissions from each part of the company -- everything from carbon use in buildings to transportation. The tax produces about $30 million annually for a fund Microsoft uses to invest in energy improvements. The company also plans to join the Climate Leadership Council and advocate for carbon pricing nationwide as part of the new sustainability push. (Source: Microsoft, GeekWire, 16 April, 2019)

    More Low-Carbon Energy News Microsoft,  Renewable Energy,  


    Microsoft Ups Internal Carbon Fee to $15 per Tonne (Ind. Report)
    Microsoft
    Date: 2019-04-17
    Tech giant Microsoft reports it will nearly double its internal carbon fee to $15 per metric ton on all carbon emissions. This internal Microsoft "tax" was established in 2012 to hold the company's business divisions financially responsible for reducing their carbon emissions.

    The funds from this higher fee will both maintain Microsoft's carbon neutrality and help the company take a tech-first approach that will put sustainability at the core of every part of the company's business and technology to work for sustainable outcomes and to cut the company's operational carbon footprint. (Source: Microsoft Blog, Brad Smith, Pres., 15 April, 2019)Contact: Microsoft Corporate Offices, www.headquartersinfo.com/microsoft-headquarters-information

    More Low-Carbon Energy News Carbon Fee,  Carbon Tax,  Microsoft,  

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