Carbon Tax

Access and Benefit Sharing: New rules for use of biodiversity

The National Biodiversity Authority has released a new set of rules to manage sharing of benefits generated through the use of biological resources. The Biological Diversity (Access to biological Resources and Knowledge Associated thereto and Fair and Equitable Sharing of Benefits) Regulation 2025 was approved by the Central government and …

Climate change can slam global economy, says report

Climate change could cause 10 times as much damage to the global economy as previously estimated, slashing output as much as 23 per cent by the end of the century, a new research paper from Stanford and Berkeley finds. Looking at 166 countries from 1960 to 2010, the researchers identified …

World wide views on climate and energy

The World Wide Views (WWViews) Alliance has launched the findings of a global citizen consultation on climate change and energy, which sought to determine “how far citizens around the world are willing to go” in the areas of climate action and energy transitions. The consultation, taking place on 6 June …

Implementing effective carbon pricing

Support for carbon pricing is growing around the world. Governments, businesses and investors are recognising that nationally-appropriate taxes and trading schemes, as part of a well-aligned package of policies for low-carbon change, can reduce greenhouse gas (GHG) emissions without harming the economy. Strong, predictable and rising carbon prices send an …

State and Trends of Carbon Pricing 2015

Number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion says this new World Bank report. The report is a one stop shop for learning about key developments and prospects of existing and emerging carbon initiatives. …

The FASTER principles for successful carbon pricing: an approach based on initial experience

The case for climate action has never been stronger. Current weather extremes, including storms, floods and drought, affect millions of people across the world. Climate change is putting water security at risk; threatening agricultural and other supply chains as well as many coastal cities. The likelihood of severe pervasive and …

European climate finance: securing the best return

Combating climate change is perhaps the most formidable public policy challenge of the times. Unmitigated climate change will be irreversible. It will place significant costs on future generations, and expose them to unexplored risks. To mitigate climate change, global coordination is indispensable. European Union citizens consider climate change a central …

Australian PM fends off climate critics at Pacific summit

Australian Prime Minister Tony Abbott on Thursday defended his country's climate change policy during a regional summit in Papua New Guinea, amid calls from Pacific island leaders to end new coal mine construction worldwide. Impoverished, low-lying Pacific Islands such as Vanuatu, Kiribati and Tuvalu are among the most vulnerable countries …

Earth set to lose India-sized chunk of tropical forests by 2050

Washington-based Center for Global Development has predicted that an India-sized piece of tropical forest could soon be gone if the current trend of deforestation continues. Using the data from satellite imagery, the researchers have further concluded that the complete elimination of 289 million hectares of tropical forest can take place …

Paris 2015: Australia's greenhouse gas emissions show 'disturbing increase' amid record global heat

The Abbott government says Australia remains on track to lower greenhouse gas emissions even though total pollution edged higher in the March quarter compared with a year earlier. The latest quarterly figures skipped over the December quarter, with the Environment Department telling Fairfax Media it was too busy to compile …

Australia unveils new emissions reduction target ahead of Paris talks

Conservative Prime Minister Tony Abbott on Tuesday announced cuts to Australia's greenhouse gas emissions that were immediately criticized by environmental groups and opposition politicians for lagging far behind other advanced economies. The world's largest exporter of coal and iron ore will cut emissions by 26-28 percent of 2005 levels by …

Hotter than August

“I AM convinced that no challenge poses a greater threat to our future, to future generations, than a changing climate,” declared Barack Obama on August 3rd. The president’s announcement of America’s first national standards to limit carbon-dioxide emissions from power plants had to be moved indoors to escape the sweltering …

Power sector emissions jump most in decade as black coal use surges, report says

Carbon emissions from the country's main electricity grid have jumped at an annual rate of about 2 million tonnes in the past two months, the quickest pace in at least a decade, according to analysis by energy consultancy Pitt & Sherry. The emissions surge analysis comes with the Abbott government …

Poll finds 60% believe carbon tax had little or no effect on electricity bills

Only 21% of voters polled believe that the carbon price had a large impact on power prices and just 9% thought the repeal had pushed prices down More than 60% of voters think the former Labor government’s carbon price had no effect, or only a small effect, on electricity bills …

Bill Shorten to unveil 50% renewable energy target at Labor conference

Opposition Leader Bill Shorten is set to unveil a bold climate policy goal requiring half of Australia's large-scale energy production to be generated using renewable sources within 15 years. Fairfax Media has learnt that despite Labor's humiliating 2013 election defeat caused in part by voter contempt for its carbon tax, …

G20 meeting on climate finance to help India clear stance

Issues stay unresolved as financing climate change action remains key to Paris Agreement Diplomats from the G20 group of countries will be meeting in Ankara, Turkey, on July 27-28 to discuss climate change finance - a topic that holds key to a successful round of negotiations at Paris in December, …

Czech court rules against national tax on carbon permits

A Czech court has ruled against a tax imposed on carbon emission allowances granted free to companies, opening the way for state-owned electricity producer CEZ to claim back 5.3 billion crowns ($216 million) from the government. The ruling was made on July 9 in favour of electricity producer Sko-Energo, according …

Australia's opposition rejects carbon tax claims

CANBERRA, July 15 (Xinhua) -- Australia's federal opposition has refuted claims that it would reintroduce a controversial carbon tax if re-elected, saying leaked documents obtained by local media were "misleading". Opposition Environment Minister Mark Butler declared on Wednesday that Labor would not re-introduce the carbon tax, but admitted his party …

Power sector's emissions accelerate one year after carbon tax's demise

Emissions from Australia's main power sector are rising at an increasing rate one year after the end of the carbon price, with plants in Victoria fired by brown coal the biggest contributors, according to an energy consultancy. In the year to June, emissions from the National Electricity Market (NEM) jumped …

Carbon tax repeal sparks jump in Australia's electricity emissions

A 4.3% rise in electricity emissions counters Australia’s credibility in the lead-up to the Paris climate talks, the Climate Council says Electricity emissions have jumped since the repeal of the carbon tax, the Climate Council says. The council cites new data by consultants Pitt & Sherry, showing carbon dioxide emissions …

Power sector's emissions accelerate one year after carbon tax's demise

Emissions from Australia's main power sector are rising at an increasing rate one year after the end of the carbon price, with plants in Victoria fired by brown coal the biggest contributors, according to an energy consultancy. In the year to June, emissions from the National Electricity Market (NEM) jumped …

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