In fact, according to IRENA’s new report, the most cost-effective strategy to achieve a “climate-safe future” — keeping global warming below 2 degrees Celsius (3.6 degrees Fahrenheit) — is an accelerated energy transition to renewables and energy efficiency coupled with electrification of key sectors like transportation.
This Renewable Energy Roadmap (REmap) scenario “would also save the global economy up to USD 160 trillion cumulatively over the next 30 years in avoided health costs, energy subsidies and climate damages.”
At the same time, IRENA reports, “every dollar spent on energy transition would pay off up to seven times.”
The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. The tax credit for Tesla buyers was halved to $3,750 on Jan. 1; General Motor’s tax credit was likewise cut in half starting April 1.
The bill, dubbed the Driving America Forward Act, would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles after it exhausts the first 200,000 vehicles eligible for tax credits. It would shorten the phase-out schedule to nine months. The credits are paid directly to consumers, who can write them off on their tax returns.
“At a time when climate change is having a real effect on Michigan, today’s legislation is something we can do now to reduce emissions and combat carbon pollution,” Sen. Debbie Stabenow, D-Mich., one of the sponsors of the legislation, said in a statement. “Our bill will help create American jobs and cement Michigan’s status as an advanced manufacturing hub.”
Georgia is immensely proud of its ancient wine-making tradition, claiming to have been the first nation to make wine. Now it wants to be the first to grow grapes on Mars.
Nestling between the Great Caucasus Mountains and the Black Sea, Georgia has a mild climate that is perfect for vineyards and has developed a thriving wine tourism industry.
Now Nikoloz Doborjginidze has co-founded a project to develop grape varieties that can be grown on Mars.
A Dutchman completed an epic 95,000 kilometre (59,000 mile) journey by electric car in Sydney Sunday in a bid to prove the viability of such vehicles in tackling climate change.
Wiebe Wakker drove his retrofitted station wagon nicknamed “The Blue Bandit” across 33 countries in what he said was the world’s longest-ever journey by electric car.
The trip from the Netherlands to Australia took just over three years and was funded by public donations from around the world, including electricity to charge the Bandit, food and a place to sleep.
Andrew Yang gives a dynamite interview on automation, UBI, and economic solutions to transitioning to the future.
Andrew Yang, award winning entrepreneur, Democratic Presidential candidate, and author of “The War on Normal People,” joins Ben to discuss the Industrial Revolution, Universal Basic Income, climate change, circumcision, and much more.
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WASHINGTON: The annual Templeton Prize, which recognizes outstanding contributions to “affirming life’s spiritual dimension,” was awarded Tuesday to Brazilian Marcelo Gleiser-a theoretical physicist dedicated to demonstrating science and religion are not enemies. A physics and astronomy professor whose specializations include cosmology, 60-year-old Gleiser was born in Rio de Janeiro, and has been in the United States since 1986. An agnostic, he doesn’t believe in God-but refuses to write off the possibility of God’s existence completely.
“Atheism is inconsistent with the scientific method,” Gleiser said Monday from Dartmouth College, the New Hampshire university where he has taught since 1991. “Atheism is a belief in non-belief. So you categorically deny something you have no evidence against.” “I’ll keep an open mind because I understand that human knowledge is limited,” he added. The prize is funded by the John Templeton Foundation-a philanthropic organization named after the American Presbyterian who made his fortune on Wall Street, and who set on “seeking proofs of divine agency in every branch of science”, as The Economist put it.
Gleiser joins Desmond Tutu, the Dalai Lama and dissident Soviet author Aleksandr Solzhenitsyn as recipients of the prize, first awarded in 1973. At £1.1 million, the prize money well surpasses that of the Nobels. The physicist focuses on making complex subjects accessible. He has written on climate change, Einstein, hurricanes, black holes, the human conscience-tracing the links between the sciences and the humanities, including philosophy.