The International Maritime Organization, a UN agency which regulates maritime transport, has voted to implement a global cap on carbon emissions from ocean shipping and a penalty on entities that exceed that limit.
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The world’s largest carbon direct air capture facility has started construction in Iceland, run by Swiss startup Climeworks AG.
When construction finishes in 18-24 months, their facility, named “Mammoth,” will be able to remove 36,000 tons of CO2 from the air per year – which is .0001% of the 36 billion tons of CO2 emitted per year by humanity.
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Every new passenger car sold in the world will be electric by 2040, according to Exxon Mobil CEO Darren Woods in an interview aired this weekend by CNBC.
The interview also covered the company’s climate ambitions, putting a flashy coat of paint on an organization that is the world’s fifth-largest historical polluter and has pushed climate denial at a high level for half a century.
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Norway announced today that it will finance 16.8 billion kroner (US$1.8 billion) out of an estimated total investment of 25.1 billion kroner for the world’s first full-scale carbon capture and storage (CCS) project.
The project is named Longship after the Viking ships.
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A number of major oil companies expressed their commitment to “economically meaningful” carbon pricing following a Vatican summit on climate change this Friday.
HBO’s “Last Week Tonight with John Oliver” tackled the Green New Deal and carbon pricing on Sunday night’s recent episode, bringing further mainstream attention to climate issues and ideas, and confronting a number of bad faith arguments in the process.
A new report asked all 18 declared candidates for the Democratic presidential nomination about various views on climate issues, and finds that just 7 of them would absolutely favor carbon pricing.
Indiana recently became the latest state to suggest the idea of an “EV tax.” As we’ve covered before, several states have implemented additional yearly fees for electric vehicles. Even California floated the idea at one point.
At first glance, it seems almost reasonable – revenue from gas taxes is falling because cars across the board are using less (or no) gas; infrastructure spending is sorely needed but is only getting more costly thus squeezing budgets even more; more efficient cars, particularly electric cars, are getting by without paying their “fair share” because even though they use the same roads they don’t pay as much (or at all) to maintain them.
So why shouldn’t those “freeloading” EVs also be forced to pay a road use tax? Well, there are several reasons…
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Update: Just 1 day left to get a chance to win a Model S and promote carbon pricing awareness – CXC’s website.
The Model S is becoming a popular raffle prize and this raffle in particular is for a very good cause in-line with Tesla’s mission. Climate XChange (CXC) is a nonprofit organization with the goal to reduce global warming pollution and strengthen the economy through comprehensive market-based carbon pricing in Massachusetts.
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