Latest news with #CarbonEmissions
South China Morning Post
6 days ago
- Business
- South China Morning Post
Foreign firms created 25% of emissions from all companies in China over 20 years: study
Carbon emissions generated by foreign firms accounted for about a quarter of the total from all companies in China in the two decades from 1997, according to a new study. Advertisement It also found that foreign companies produced more than half of their total carbon emissions in China's less-developed inland areas in the 15 years up to 2012. Yet these regions were not seeing as much economic benefit from foreign investment as the coastal areas. 'The eastern coastal region gained more economic benefits, while the central and western inland regions bore heavier environmental pressures,' the lead institute of the study, the Chinese Academy of Sciences' Academy of Mathematics and Systems Science, said in a statement. 'This raises new issues for scientific assessments of carbon emission responsibilities for foreign-owned enterprises,' it added. The study was conducted by researchers from the academy, as well as Nanjing University, University College London and the University of Birmingham. They published their findings in the peer-reviewed journal Nature Communications last month. The researchers urged inland regions to introduce more favourable policies to lure foreign investors. Photo: Corbis via Getty Images 'MNEs [multinational enterprises] represent a non-negligible yet frequently overlooked factor in shaping carbon inequality,' the researchers said.
News.com.au
11-08-2025
- Automotive
- News.com.au
Comment: EV road user tax ‘makes no sense'
COMMENT: Electric car owners should pay their way, but now isn't the time to smash them with a new tax. If the government is serious about improving air quality, reducing the nation's reliance on foreign energy sources and reaching carbon emissions goals, it shouldn't discourage people from choosing electric cars. It's like tackling on the obesity problem by introducing a salad tax. It makes no sense. Hitting EV owners with an extra $500 per year – or thereabouts – in road user fees will only discourage people from going green. Yes, electric car owners do not pay the fuel excise tax that helps build and repair our roads. I reckon that's a fair price to pay, at least today, for the broader social benefits of electric cars. There are more EVs on sale than ever, and the price gap between petrol and electric cars continues to shrink. But electric cars still struggle for traction. Aussie drivers have bought 54,364 electric cars this year – just 97 more than the same period in 2024. You could hardly call that growth. Especially when sales of other vehicle types continue to grow, and electric vehicle market share has slipped from 7.4 to 7.0 per cent this year. Introducing a new pay-by-the-mile tax on electric cars would only serve to push motorists away from zero emission vehicles, back toward combustion-powered cars. And EVs need all the help they can get. Hyundai just launched the Ioniq 9, an electric cousin to the Santa Fe and Palisade. The electric model starts at about $130,000 drive-away, roughly double the asking price of its combustion-powered cousins. Kia's electric EV9 is outsold by the combustion-powered Sorento by about 30 to 1, and Volkswagen's battery-powered ID. 4 and ID. 5 duo are outsold 10 to 1 by the petrol Tiguan. Over at Toyota, deliveries of the electric bZ4X represent just 0.3 per cent of its 142,700 sales this year. EVs are here. Customers just aren't choosing them. There are headlines just about every day from car companies trying to figure out how to handle EVs in Australia. Hyundai says it has done 'a terrible job' convincing customers to make the switch, Honda says there is 'a lot of noise' surrounding EVs while people quietly buy hybrids and Suzuki, plainly, says they 'just don't think the Australian market wants them'. They might be right. We quizzed more than 50,000 readers earlier this year as part of The Great Aussie Debate and found that only 14.9 per cent of people were considering an EV for their next car. That represented a drop from 18.9 per cent in 2023. The government wants us to get behind the wheel of electric cars, even if we don't want to choose them. A new tax is a strange way to try and change that.
BBC News
19-07-2025
- Business
- BBC News
Reading's carbon emissions have fallen by 57%, data shows
Carbon emissions in Reading have fallen by more than half over an 18-year period, new government figures Berkshire town has seen the 12th biggest reduction in emissions out of the UK's 384 local authorities between 2005 and 2023, according to the Borough Council said it was currently working on "major projects" to reduce its own carbon footprint and "create a net zero borough".John Ennis, the authority's climate lead, said the government figures showed "Reading's commitment to taking positive climate action". "It is only through organisations, businesses, communities and residents working together that Reading has achieved a 57% drop in emissions and maintained its position as 12th in the country for carbon reduction," he Ennis said the council was "leading by example", including the work to upgrade the Hexagon major construction project, which started this week, includes plans to install ground and air source heat pumps across the building, replacing gas council said it has cut its own emissions by almost 75% since 2009, adding that it only accounts for roughly 2% of the town's overall Reading Climate Change Partnership, of which the council is a key member, is also currently asking people for their thoughts on how the town can achieve net zero."We all need to keep up the momentum in the face of rising temperatures, wetter winters and extreme weather conditions occurring more frequently," Mr Ennis said. You can follow BBC Berkshire on Facebook, X (Twitter), or Instagram.
Argaam
24-06-2025
- Business
- Argaam
ACWA Power Chairman: NEOM Green Hydrogen project 85% complete
Mohammad Abunayyan, Chairman of ACWA Power, said that the completion rate of the NEOM Green Hydrogen project reached 85%. The facilities will be tested and commissioned next year. Export will also start to Germany and Europe — a significant step to reduce carbon emissions, Abunayyan added in a panel discussion during the World Economic Forum. The utility currently has 22 gigawatts under development or construction, and signs contracts every year for an additional 20 gigawatts. He pointed out that renewable energy capacity in Saudi Arabia is expected to reach 130 gigawatts by 2030, making the Kingdom a key exporter of green energy to Europe and neighboring countries, whether in the form of electricity or green hydrogen.
