Today’s Solutions: January 31, 2023

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

An easy hack to counteract the harmful health effects of sitting all day

Humans are not designed to spend the entire day seated. Nonetheless, billions of us do it at least five days per week, as Western ...

Read More

How to change people’s minds without triggering a negative response

People don’t like being told what to do. There’s even a word for it: reactance. “Psychological reactance is a negative emotional state that we feel ...

Read More

The secret to happiness may be a bit of practice

For thousands of years, humans believed that emotions were predetermined hormonal responses out of our control, but in recent years researchers are beginning to ...

Read More

Pennsylvania schools doubled their solar power in the last two years

Renewable energy production is taking off in the Keystone State. A new report from the nonprofit Generation180 reveals that Pennsylvania schools doubled their solar ...

Read More