NewEnergyNews: The Big Benefits From Pricing Carbon

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-Global 2022 New Energy Bets to Grow 8% to $2.4 Trillion
  • FRIDAY WORLD HEADLINE-World’s Planned Offshore Wind Doubled in 2021
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, June 29:

  • ORIGINAL REPORTING: New York’s Path To The Energy Transition
  • Net Zero Emissions Will Not Come Easy
  • THE DAY BEFORE THE DAY BEFORE

  • Monday Study: Cyber Security For The U.S. Power System
  • THE DAY BEFORE THAT

  • Weekend Video: The Most Under-Appreciated, Overlooked New Energy
  • Weekend Video: Stress On The U.S. Power System
  • Weekend Video: The Ocean’s Unseen Climate Crisis Fight
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-Global New Energy Demand To Meet, Old Energy Subsidies To Beat
  • FRIDAY WORLD HEADLINE-Global Energy Efficiency Push Gains Momentum
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • WEEKEND VIDEOS, July 2-3:
  • Rule Against This, Supreme Court
  • Forget The Supreme Court, The Climate Crisis Fight Continues
  • An Answer To The Energy, Climate, And Geopolitical Crises

    Wednesday, December 01, 2021

    The Big Benefits From Pricing Carbon

    EIA analysis projects carbon fees would decrease U.S. carbon dioxide emissions through 2050

    Chris Higginbotham, November 17, 2021 (U.S. Energy Information Administration)

    “Carbon fees as high as $35 per metric ton could decrease U.S. energy-related carbon dioxide (CO2) emissions by as much as 19% compared to 2020 levels…[A U.S. Energy Information Administration analysis] projects that U.S. energy-related CO2 emissions would decrease the most in the first 5–10 years but decrease at a significantly slower rate beyond that period…

    …A carbon fee is a tax implemented on the sale of fossil fuels based on the amount of CO2 emissions those fuels generate. EIA considered three levels of carbon fees for its analysis, starting in 2023 at about $15, $25, and $35 per metric ton of CO2. The fees would grow by 5% each year through 2050…EIA projects that with about a $15 carbon fee (which would increase to more than $56 in 2050), U.S. energy-related CO2 emissions would decrease 13% by 2050 over 2020 levels. About a $25 carbon fee (more than $94 in 2050) would create a 17% decrease, and an approximate $35 carbon fee (almost $132 in 2050) would create a 19% decrease over the same period…

    …[C]arbon fees would have downstream effects on the energy sector beyond emissions…[E]xisting U.S. nuclear power capacity would be less likely to retire, while renewable energy capacity would increase more rapidly…” click here for more

    0 Comments:

    Post a Comment

    << Home