deep profundity on racing, making this sport a profound heritage among different kinds of car enthusiasts. However, this deep embodiment of racing can possibly shatter with the Environmental Protection Agency (EPA) introducing the, Greenhouse Gas Emissions and Fuel Efficiency Standards for Medium- and Heavy-Duty Engines and Vehicles – Phase 2 that resides under the Clean Air Act. This regulation, is a vague proposal that can potentially hurt the vibrant industry of performance parts from…
than what was legally allowed. The revelation that the VW Group had installed software to falsify emission test results undermined the trust in the entire automobile industry. It resulted in stringent audits conducted by the United States, the European Union and other national governments which brought into light large discrepancies between diesel engine emission test results and real life emissions. As a result, a number of governments in the European Union are currently reconsidering fiscal…
and international level around 2012. The 2008 financial crisis Figure 2 shows the historical price trend of EUA and CER, the two most important compliance credits. The 2008 financial crises struck the global economy and caused unexpected low GHG emission rates. Demand…
just by physically observing it. Often, many elements can have similar emission spectra’s, which is why Kirchhoff invented the Spectrometer. This is a specialized device that uses a prism and two mirrors that allow the light to be conducted into its unique emission spectra. From elements such as lithium to others like selenium, every single element has its own unique color or elemental fingerprint; this is called the emission spectrum. When using a spectrometer, it can be confusing to many…
reduce 37% of its carbon emission until 2030 as a member of the United Nations Framework Convention on Climate Change (UNFCCC). In fact, Korea disgraced because it made the highest carbon emission increase rate, 110.8%, among OECD countries in 2013 compare to 1990. Japan is practicing Tax for Climate Change Mitigation from Oct 2012, and has a duty to reduce greenhouse gases by international law. Therefore, the two countries are internationally responsible for carbon emission. At the same time,…
year with the price at $23 per tonne emitted. The tax was to be paid per tonne released. In 2013, the tax rose $1.15 and as of July 1, 2013 the carbon tax sat at $24.15 per tonne emitted for the following financial year. In 2014. “Australia’s total emissions fell 0.1 per cent in the first year…
This is where the carbon tax comes in. The carbon tax would impose an excise levy on fossil fuels that emit CO2 as a system to reduce greenhouse gas emissions. How the carbon tax would work is that it will put a monetary price on the cost of CO2 emissions on our economy. Since the carbon tax is a commodity tax, it would raise the price of energy and transportation. The burden of the tax would also fall more heavily on energy-intensive industries as…
greenhouse gases on the environment by introducing a set of binding emission reduction targets for individual countries. Considering the threatening scale of the problem and the wide geographical distribution of GHG emissions, the Protocol required international cooperation to succeed. During the first commitment period from 2008 to 2012, the Protocol had committed 37 industrialized countries and the European Community to reduce emissions by an average of 5% against 1990 levels. Since the…
also means they won’t be making their hundreds of billions of dollars annually. We have to look past these corporations towards bettering our planet. To focus this idea more, let’s look at one question: In what ways are automobile transportation emissions affecting our environment and what new technologies are being invented and used to help solve this environmental…
greenhouse gas emission that companies can release. According to Professor Kathleen Segerson, there are three components involved in Cap-and-trade system. First, the cap needs to be below current emissions and is therefore a “binding cap”. Second, the cap is based solely on emissions released, not on the technology, leaving flexibility to companies on how they will achieve this reduction. Lastly, the companies have the ability to buy and sell permits for the amount of emissions that…