Today’s Solutions: October 24, 2021

In order to curb greenhouse gas emissions, the Austrian government has introduced a new carbon tax that is set to be fully implemented by July next year.

This means that Austrians will have 30 euros (around $35 USD) added to their consumer bills per ton of CO2. This cost will rise to 55 euros ($64 USD) per ton by 2025.

The government believes that the tax will generate five billion euros ($5.8 billion USD) by 2025, which will be returned to residents as an annual “climate bonus,” with the exact amount determined based on factors such as where they live (so that those in rural regions without the same access to good public transport aren’t penalized), and how many children they have. Children are allotted half their parents’ amount, which means that a family of two adults and two children in Vienna could expect to receive a climate bonus of 300 euros ($358 USD).

The aim of the tax is to make carbon-intensive choices more expensive as well as inspire people to choose more climate-friendly forms of transport and heating, but without adding to the overall tax burden.

Alongside the introduction of the carbon tax, the government also plans to reduce taxes for energy-intensive industries that will be the most affected by the new carbon tax. Plus, the governing coalition of Chancellor Sebastian Kurz’s conservative People’s Party and the environmentalist Greens announced income tax cuts, a reduction in some health insurance charges, and other policies that are designed to benefit medium-and-low income communities.

Solutions News Source Print this article
More of Today's Solutions

Algae wrapped in droplets improves efficiency of artificial photosynthesis

In our quest for the most sustainable, most renewable sources of energy, humanity continues to look to nature for inspiration. One of nature’s most efficient energy systems is photosynthesis, which is how plants convert sunlight, ... Read More

Evidence shows Vikings arrived in Americas nearly 500 years before Columbus

Researchers have known for a while that Vikings from Greenland founded the village of L’Anse aux Meadows in Newfoundland around the turn of the millennium, but now, a study published in Nature has finally pinpointed ... Read More

Egypt’s State Council swears-in the nation’s first female judges

Egypt’s State Council was established in 1946 and is an independent judicial body that deals with administrative disputes, disciplinary cases, appeals, reviews draft laws, decisions, and contracts that involve the government or a government-run body. ... Read More

Is group or individual work more productive? Here’s what science says

Are you a group project person or do you prefer to fly solo? We all have our work preferences, but what does science say about teamwork and productivity? A new study conducted by Quartz aims ... Read More

Wildlife filmaker provides a unique insight into the daily lives of bees

You may have seen bees flying around your backyard or local park, but it can be difficult for the naked human eye to grasp the full complexity of the lives of these pollinators. During the ... Read More