Research study finds world leaders give up on increasing gas taxes and reducing subsidies to producers. Around the world, governments have widely attempted two strategies meant to reduce the use of gasoline by making it more expensive. One is implementing taxes in order to raise the price that
A gas station in Los Angeles. Of all 155 countries in the UCLA-led study, the U.S. has gone the longest without raising gasoline taxes: The national tax has been 18 cents per gallon since 1993. Credit: Sean Brenner/UCLA
One is implementing taxes in order to raise the price that consumers pay at the pump; the other is cutting back on the longstanding subsidies that governments have provided to producers, with the goal of making gas more costly for companies to sell. Given those measures’ failures, the authors write, more effective policies for curbing carbon emissions would include funding renewable energy, reducing its cost to consumers and making it more widely available.
“Nobody seems to do better than anyone else,” Ross said. “The results are almost completely fruitless across the board.” The few times when carbon pricing measures remained in place for longer periods of time typically followed extreme crises, such as civil wars or economic collapses, Ross said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 Strategies to Bridge Generational Divides at WorkGenerational disconnect is an ages-old problem. But for the first time ever, we now have five generations in the workforce. And the consequences of this disconnect are more severe in this post-Covid era: Company leaders are balancing the call for more purposeful work from their employees with ever-increasing performance demands to succeed in their markets. Based on their combined decades of academic and applied research as well as their hands-on experience inside and advising some of the world’s most progressive companies, the authors present three approaches that help people not only see the value in age differences, but also use that diversity to boost employee retention and productivity, innovate more consistently, and deepen customer relationships.
Read more »
Porsche starts to use thin air and water to replace gasolinePorsche's Haru Oni will produce green hydrogen via a process called electrolysis using renewable energy from the wind. The facility will also capture CO2 from the atmosphere.
Read more »
Driver starts car fire in Everett after crashing into Fred Meyer, pouring gasoline on himselfEverett police are investigating after a man drove through the front entrance of a Fred Meyer store and caused a car fire on Friday night.
Read more »
Everett PD: Man drives car through Fred Meyer, pours gasoline on himself before car catches fireA man was taken to the hospital after Everett Police say he drove his car through a Fred Meyer and poured gasoline on himself before his car caught fire. FOX13
Read more »
Gasoline Pipeline Serving San Diego Shut Down After Leak FoundA gasoline leak was found Tuesday evening in one of the pipeline segments that sends gasoline to San Diego customers, causing the pipeline to be shut down for repairs.
Read more »
Texas GOP lawmakers warming to opioid harm-reduction policies they once opposedGov. Greg Abbott and other Republicans have expressed support for legalizing fentanyl test strips, which help users identify whether the drugs they are planning on taking contain the deadly synthetic opioid.
Read more »