News, Trends & Analysis
Carbon Tax
Agree? Lowering Income Taxes While Raising Pollution Taxes Reaps Great Returns
Apr 12th
by on APRIL 8, 2010
As economic decision makers—whether consumers, corporate planners, government policymakers, or investment bankers—we all depend on the market for guidance. In order for markets to work and economic actors to make sound decisions, the markets must give us good information, including the full cost of the products we buy.
Unfortunately, markets largely ignore the indirect costs of goods and services, thus grossly distorting the structure of the economy. The market price of burning coal, for example, includes only the direct costs, those of mining the coal and transporting it to the power plant. By neglecting More >
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Loading ...Free Webcast: Climate Change and Business Success (FEB 23)
Feb 19th
and Business Success Tuesday 23rd February 2010 5.00pm GMT, 9.00am PST, 12.00pm EST
Click here for free registration
>> How can an environmental strategy benefit your business? >> What are the costs and challenges of GHG emission compliance? >> Can there be truly green business models? Adapting businesses to the demands of climate change mitigation is a huge challenge, but one that can not only improve levels of environmental impact, but also enhance brands, motivate employees, increase operational efficiencies, and save money. This Earthcast will examine the challenges posed by measuring, reducing, and offsetting emissions and the innovative solutions to common challenges currently being employed by More > (No Ratings Yet) Loading ...
White House Budget Suggests Abandonment of Cap and Trade
Feb 1st
February 1, 2010
The fact that the White House is not including projected revenues from cap and trade suggests that the Obama Administration is acquiescing to the notion that Congress may not pass such legislation, observers say.
Last year the Obama Administration projected that cap and trade would provide $646 billion in revenues from 2012-2019, but those numbers do not appear in the new budget, reportsReuters.
Instead, the White House budget includes a “placeholder” for revenues from cap and trade, provided that Congress passes it, reports the New York Times. The placeholder status assumes that no cap and trade revenues will be coming into the Treasury.
The More >
(No Ratings Yet) Loading ...Video: @WFES2010 Citigroup’s Edward Says More Clarity Needed on CO2 Rules
Jan 18th
Jan. 18 (Bloomberg) — Garth Edward, director of environmental products at Citigroup Inc., talks with Bloomberg’s Rishaad Salamat about the World Future Energy Summit in Abu Dhabi and investment in renewable sources.
YouTube - Citigroup’s Edward Says More Clarity Needed on CO2 Rules.
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First Carbon Tariff Will Tax CO2 at the Border
Jan 1st
Written by Susan Kraemer
Published on January 1st, 2010
The first carbon tax to reduce the greenhouse gases from imports comes not between two nations, but between two states. Minnesota has passed a measure to stop carbon at its border with North Dakota.
To encourage the switch to clean renewable energy Minnesota plans to add a carbon fee of between $4 and $34 per ton of carbon dioxide emissions to the cost of coal-fired electricity, to begin in 2012, to discourage the use of coal power; the greatest source of greenhouse gas emissions.
State officials in North Dakota are mounting a legal battle against Minnesota. More >
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