Tag: carbon tax
The EU’s Secret to Slashing Emissions
Environment
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April 10, 2024
Europe proves that putting a price on carbon can dramatically transform fossil fuel–based economies.
A man demonstrates in front of the school where a dialogue event with citizens is taking place about the future of lignite mining in Erkelenz, a midsize town in the state of North Rhine–Westphalia in Germany on March 11, 2023. He holds the number 1.5, signifying a global goal to limit Earth’s warming.
(Marius Becker / Picture Alliance via
Why Has the Right Become Obsessed With Climate-Friendly Banking?
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Biden’s Climate Law Is Ending 40 Years of Hands-off Government
On Tuesday, President Joe Biden signed the Inflation Reduction Act into law. It is no exaggeration to say that his signature immediately severed the history of climate change in America into two eras. Before the IRA, climate campaigners spent decades trying and failing to get a climate bill through the Senate. After it, the federal government will spend $374 billion on clean energy and climate resilience over the next 10 years. The bill is estimated to reduce the country’s greenhouse-gas
Obituary: Carbon Tax, Beloved Climate Policy, Dies at 47
The American carbon tax, an alluringly simple policy once hailed by environmentalists, scholars, and politicians as a cure-all for climate change that, for all its elegance in economic models, could not overcome its enduring unpopularity with the American public, died last month at its home in Washington, D.C. It was 47.
The death was confirmed by President Joe Biden’s utter lack of interest in passing it.
The carbon tax aimed to reduce carbon-dioxide pollution—which heats the air, acidifies the ocean,