Bloomberg Proposes Pollution Tax
New York Mayor Michael Bloomberg has proposed a national “pollution pricing” that envisions taxing companies directly for the greenhouse gases they release, AP reports. The announcement came during his keynote speech at the United States Conference of Mayors climate protection summit.
“If you really want to reduce carbon emissions, tax carbon at the source, which would mean at the mine head, at the oil well, whatever,” Bloomberg said.
The money raised could be used to reduce payroll taxes or invest in new environmental technologies, such as wind power and fuel cells, he said.
Bloomberg envisions a fee of $15 for every ton of greenhouse gas companies emit.
In April, New York City officials promised to cut greenhouse gas emissions 30 percent by 2030.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Tesla Becoming a Major Player in the Energy Storage Market
- Federal Agencies Must Use eProject Builder for All ESPC Projects
- Refrigeration Battery Works as Energy Storage
- 400 kW Fuel Cell System Powers Comcast Facility
- City Picks UtilityTRX for Utility Bill Management
- FridgeWize Unveils HVAC EC Motors
- Aztec AMC Modular HVAC system Reduces Data Center Cooling Costs
- Verismic Does Remote PC Power Management