Originally published on WRI’s Resource Institute Blog. By Dan Lashof, Devashree Saha, Karl Hausker, Greg Carlock, Kevin Kennedy, and Tyler Clevenger U.S. Representative Frank Pallone, chair of the House Energy and Commerce Committee, together with subcommittee chairs Bobby Rush and Paul Tonko, introduced the CLEAN Future Act on March 2, 2021. While numerous climate bills are introduced … [continued]
Five years ago, Elon Musk was pushing hard for a carbon tax. Since then, however, he’s remained relatively quiet on the matter.
We are making great progress, with costs of solar, wind, and batteries continuing their decline. But we are not moving fast enough to turn the tide on human-caused climate change. One study I saw recently said we need to be installing wind and solar at triple the current rate to get to 90% renewable just for electricity by 2035.
Tri State Generating & Transmission serves over 1 million customers in the American West. It announced this week it is closing several coal-fired plants early and building 8 new renewable energy projects in order to transition to 50% renewables by 2024.
The free market mantra is just an excuse for doing nothing about climate change. After the collapse of talks in Spain last week, the German government has announced a new climate plan that includes putting a higher price on carbon.
The IMF says a price on carbon is far more effective than government rules and regulations. It recommends a minimum cost of $75 per ton of carbon dioxide.
New research claims adding a fee on carbon emissions would spur innovation and drive greater efficiency in the energy and transportation sectors.
Wood Mackenzie says the switch to renewable energy is going just fine, but decarbonizing other sectors is painfully slow. Its latest report says at the current rate, 85% of the energy used by civilization in 2040 will still come from burning fossil fuels.
A group of 45 prominent economists have signed a letter advocating that the US adopt a carbon fee program to address the existential crisis of climate change. Will anyone be persuaded by the logic of so many eminent people?
Carbon fees are an economically efficient way of including the social cost of carbon emissions into the cost of fuel. The state of Washington and Canada are both moving toward carbon fees to lower their greenhouse gas emissions.
