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Thursday, September 23, 2010

Carbon Tax News from Kitty Kats

Thanks to Kitty Kats for this information.

-- carbontax-dot-org

-- Who Wants a Climate & Energy Bill? 83 Leading US Companies

--Carbon Tax" More Popular than "Cap-and-Trade" with US Voters
Excerpts:
“.... from the US Climate Task Force and Fortune 500 is that US voters prefer a straight carbon tax over cap-and-trade once they are educated a little bit on the two options. This is what a recent survey shows. The survey finds that American voters actually prefer a carbon tax by a ratio of more than 2:1!

According to the survey, 58% of people supported the carbon tax, 27% supported cap-and-trade, and 15% were not sure or wanted neither.”

-- State Roundup: Maryland Carbon Tax - 06/07/2010
Excerpts:
“.... Maryland County Creates First Carbon Tax
Montgomery County, Maryland passed the nation's first countywide carbon tax.
By a vote of 8-1 council members approved the tax, which reportedly is aimed a a single coal-fired power plant. The local law calls for payments of $5 per ton from stationary sources emitting more than a million tons of carbon dioxide per year.
The county expects to collect between $10 million and $15 million in yearly revenues from the tax, and the local action could serve as an example for other counties across the country. “

-- Market forces crucial to low-carbon economy - 2010-04-30
Excerpts:
“.... Developing a low-carbon economy is now a key national development strategy in which China has made remarkable progress, the World Bank said in a recent report....

.... The Chinese government's target of a 20 percent reduction in energy consumption from 2005 to 2010 would reduce annual CO2 emissions by 1.5 billion tons by the end of this year, the most aggressive emission reduction target in the world, five times the 300-million-ton reduction of the European Union's Kyoto commitment, said the report.

While the world's leading coal consumer, China has also become the world leader in renewable energy - now the source of 8 percent of total primary energy, a figured targeted to reach 15 percent by 2020.”

-- China to impose carbon tax from 2012 - 12 May 2010
Excerpts:
“China will impose a carbon tax on industry from 2012 to curb carbon dioxide emissions, a business newspaper reported late yesterday....

.... The government has vowed to cut "carbon intensity" – the amount of carbon dioxide emitted to create each unit of economic value – by 40 to 45 per cent by 2020, compared with 2005 levels, as part of the international Copenhagen Accord agreement....

.... Chinese premier Wen Jiabao warned last week that he is willing to use an "iron hand" to close down the most carbon-intensive factories to ensure the targets are met.

Wen laid out new targets to shut down 10GW of outdated small coal-fired plants, reduce capacity at the worst-performing iron smelting plants by 25 million tonnes, cut steel production at older facilities by six million tonnes, and similarly scale back cement production by 50 million tonnes. Some city-wide and regional carbon trading schemes are also in place, but have failed as yet to establish a strong price on carbon.”