PWC News
Sunday, February 8, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Reading’s Net Zero Push May Bring CO2 Car Tariffs

Home ESG Business
Share on FacebookShare on Twitter


  • Bigger and extra polluting automobiles just like the BMW X7 would possibly levied a cost of £3.40.

  • Studying residents are upset concerning the transfer.

  • The councillor for local weather technique and transport stated they’re dedicated to bettering air high quality and reaching web zero.

Studying Borough Council is mulling over a brand new parking tariff based mostly on automobile emissions to hurry up its web zero aim.

The plan has been mooted to levy larger parking charges on automobiles that emit extra carbon dioxide (CO2). To place issues into perspective, parking a small, lower-emission automobile — for instance, a Ford Focus — may cost £1.20 per hour, whereas a high-emission BMW X7 diesel could be charged £3.40.

For now, public automobile parks are exempt from this cost, which might apply solely to parking permits and on-street parking meters. The proposals are a part of Studying’s ambitions to turn into web zero by 2030.

READ MORE: UK’s Income from Inexperienced Taxes Falls, Says ONS

To this finish, the council is exhorting motorists to cut back air pollution and swap to cleaner transportation modes. This isn’t the primary time such a transfer has been discoursed within the UK. In 2022, Tub launched its personal parking cost system based mostly on automobile emissions.

Nevertheless, residents should not happy with the proposal. This was evident from a casual survey carried out in March, which confirmed that 70% of respondents disagreed with paying larger parking tariffs based mostly on carbon emissions.

Councillor John Ennis, in command of local weather technique and transport in Studying, famous that regardless of this, practically 30% of Studying residents don’t personal a automobile and underlined that the council is agency on defending the surroundings and lowering air air pollution.

He added, “It is a radical transfer from a radical council who’re critical about defending the surroundings and attending to web zero by 2030, whereas additionally cleansing our air.”

ALSO READ: UK Scrambles to Hyperlink Carbon Market with EU, Risking $1B Tax Hit

Even when the movement will get the inexperienced sign, the price improve would nonetheless be small. This implies the proprietor of a Mini Cooper would want to pay solely round 22p extra per week for a parking allow; comparatively bigger autos just like the Land Rover Discovery would incur a rise of 55p.

The council is inviting public opinion and can maintain a session from 26 June to fifteen July. If the proposal is accepted, the brand new parking levies would kick in in late autumn.

Ends/

Seeking to develop your sustainable operations with professional steerage? Faucet right into a broad community of ESG and sustainability service suppliers providing a variety of inexperienced options.

Keep knowledgeable with KnowESG’s Social and Governance protection for the most recent updates and insights.

Don’t miss our up to date ESG On-line Programs—see what’s new.

Supply: BBC



Source link

Tags: BringCarCO2netpushreadingstariffs
Previous Post

World’s Largest Salmon Producer Inks €2.6bn Green Loan Deal

Next Post

Edible oil self-sufficiency: A distant reality for India?

Related Posts

Canada Drops Zero Emission Vehicle Sales Mandate for Automakers – ESG Today
ESG Business

Canada Drops Zero Emission Vehicle Sales Mandate for Automakers – ESG Today

February 7, 2026
Japanese startup turns eggshell waste into eco-friendly plastics and paper
ESG Business

Japanese startup turns eggshell waste into eco-friendly plastics and paper

February 7, 2026
Texas Judge Strikes Down Law Blacklisting Investment Firms that “Boycott” Fossil Fuel Companies – ESG Today
ESG Business

Texas Judge Strikes Down Law Blacklisting Investment Firms that “Boycott” Fossil Fuel Companies – ESG Today

February 6, 2026
Meta Inks Solar Energy Purchase Agreement with Zelestra in Texas – ESG Today
ESG Business

Meta Inks Solar Energy Purchase Agreement with Zelestra in Texas – ESG Today

February 5, 2026
Impax Converts Global Sustainable Infrastructure Fund into ETF – ESG Today
ESG Business

Impax Converts Global Sustainable Infrastructure Fund into ETF – ESG Today

February 4, 2026
Iberdrola, NBIM Scale Clean Energy Partnership to 1.5 GW – ESG Today
ESG Business

Iberdrola, NBIM Scale Clean Energy Partnership to 1.5 GW – ESG Today

February 3, 2026
Next Post
Edible oil self-sufficiency: A distant reality for India?

Edible oil self-sufficiency: A distant reality for India?

Trump’s parade, FEMA phase out, and Warner Bros. Discovery divorces … itself? : The Indicator from Planet Money

Trump's parade, FEMA phase out, and Warner Bros. Discovery divorces ... itself? : The Indicator from Planet Money

US Senate Schedules Final GENIUS Act Vote As SEC Drops Rules

US Senate Schedules Final GENIUS Act Vote As SEC Drops Rules

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Sri Lanka sets up tax policy analysis unit | EconomyNext
Economy

Sri Lanka sets up tax policy analysis unit | EconomyNext

by PWC
February 3, 2026
0

ECONOMYNEXT – The worldwide valuable metals market skilled a seismic shift on Friday, characterised by what analysts are calling the...

Asian stocks climb with metals as volatility eases

Asian stocks climb with metals as volatility eases

February 3, 2026
Sri Lanka’s CPC  cuts diesel, petrol price by Rs.2 amid falling global prices, rupee depreciation | EconomyNext

Sri Lanka’s CPC cuts diesel, petrol price by Rs.2 amid falling global prices, rupee depreciation | EconomyNext

February 1, 2026
Russian Crypto Mining Firm BitRiver Hit As CEO Arrested In Tax Case

Russian Crypto Mining Firm BitRiver Hit As CEO Arrested In Tax Case

February 3, 2026
Businesses 'frozen' by trade uncertainty are top risk to Canada's economy, says BMO's Douglas Porter

Businesses 'frozen' by trade uncertainty are top risk to Canada's economy, says BMO's Douglas Porter

February 5, 2026
Budget 2026: Finance Minister proposes Rs 40,000-crore Electronics PLI

Budget 2026: Finance Minister proposes Rs 40,000-crore Electronics PLI

February 1, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.