Today’s Solutions: May 28, 2022

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

Dance the cough away: how Kyrgyzstan folk dance treats COPD

Chronic pulmonary obstructive disease (COPD) is a very common and also treatable lung disease that can be caused by pollution and smoking. It is preventable, and there are many medications for it, but some medical ... Read More

These tips will help you through the baby formula shortage

Due to the pandemic, recalls, and the shutdown of a huge production plant in February, more than 40 percent of the top-selling baby formulas are out of stock across America. Understandably, this has spurred a ... Read More

San Francisco BART wants to get riders back with short stories

Many of us have whiled away the minutes on a bus or a train with a book. Now the Bay Area Rapid Transit District, the public transportation authority of San Francisco, is looking to attract ... Read More

Eating just one daily cup of cranberries could prevent dementia

Currently, there is no cure for dementia, a neurological disease that is predicted to impact around 152 million people by 2050. Research teams around the world are constantly working on ways to ward off the ... Read More

How to grow your own aloe vera plant at home

Aloe vera has been used for thousands of years and is touted for its many useful properties. You may find yourself reaching for a bottle of soothing aloe vera gel when you accidentally cut yourself ... Read More