We have bought a used electric car: does it make financial sense? Why should you consider doing the same.
So we have recently bought an electric car!
For any regular readers, you would have seen my article from a few days ago. When people are writing articles comparing the emissions from generating electricity to the tailpipe emissions of the combustion engine – any one with a brain is asking why? Given you are not comparing like for like. We estimate that our carbon emissions reductions from replacing our car may reach 10 tonnes a year. Each fill up of our petrol car meant about 40kg of petrol, which took 110kg of emissions to dig it out of the ground and transport it (often around the world).
So from an environmental position, yes it certainly makes sense.
But what about from a financial position?
China has stated that they will aim to hit peak emissions by 2030 and carbon neutrality by 2060
These statements have been made before, however the Chinese president has reaffirmed them over video-link to the UN general assembly. Currently responsible for around 28% of world emissions this is highly encouraging.
In the past China has agreed to its peak emissions point, but not to its carbon neutral point.
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