Report: Taxing fossil fuel extraction could raise nearly $1 trillion for climate aid
Report: Taxing fossil fuel extraction could raise nearly $1 trillion for climate aid
"This is surely the fairest way to boost revenues for the loss and damage fund."
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NOT penalizing drivers of fuel efficient vehicles would also go a long way.
Care to explain? As far as I'm aware there are only benefits for hybrid/electric vehicles (in the US at least)
My state has now joined others in implementing a
fine“owner’s fee” for drivers of hybrid and EVs. It’s a naked money grab meant to deter sales of efficient vehicles.Road construction and maintenance is typically paid for by taxes on gasoline. A large part of the price of a gallon of gas are those taxes.
Owners of hybrid vehicles or electric vehicles do not buy as much or any gasoline, and thus don't pay for road upkeep.
Although, passenger vehicles contribute very little to road wear, it's mostly heavy trucks wearing out the roads.
Then the better solution would be to increase gasoline taxes on all users or to target those who actually cause wear to roads.
Better solution: Seize 2 or 3 billionaire's assets and pay for all of society for decades.
I like it!
don’t pay for road upkeep.
As much for upkeep. I guarantee that the money isn't anywhere near enough to make a difference.
I also notice that it isn't measured in fuel efficiency, but in vehicle type. Why aren't registration fees based on how fuel efficient the vehicle is instead of what kind of vehicle it is if it's just about gas taxes?
Right? I have to pay an extra $150/year on a hybrid ($250 if I went EV) in registration fees. I'm "not using enough gas to pay my fair share" of highway taxes.
It's completely ridiculous. Congress will eventually have to address the problem. Or we'll have to acknowledge that we're ok with killing the planet.
I can understand the need to fund road repairs and that a big chunk, if not majority, of those funds currently come from fuel taxes, but at least my state won't even entertain the idea of changing that. Nope, tax the woke hippies - problem solved. (My state is dark red and owned by the coal and oil/gas industries in case it wasn't apparent).
So you’re also in Kentucky? ;)
One state to the east :)
LOL! Knew it had to be around here somewhere.