The world is following the European Union's lead and taking fast steps to catch up: “Lin-Yi TSAI, Director of the Climate Change Office at the Environmental Protection Administration (EPA) stated that in response to the European Union's CBAM, the EPA will simplify administrative procedures to help small and medium-size enterprises to perform carbon footprint inventories. The Climate Change Response Act currently being drafted will include a carbon tax, with rates taking into consideration the level of domestic economic development and using a phased approach to implementation.”
Not specifically referring to real estate, but close enough.
“The EU’s benchmark carbon price under the Emissions Trading System (ETS) reached a record high of €73 per tonne of carbon after Germany’s announcement, as the market reacted. However, analysts say the proposal is unlikely to have any long-term effect on ETS prices, because prices are already averaging significantly above the proposed minimum of €60 per tonne.”
“The government has suggested a change to the law requiring all new rental tenancies to have a minimum rating of C and above by 1 April 2025, while existing tenancies, which must now have an EPC rating of E or above, will have to meet this target by 2028.”
“Starting in mid-2022, Austrians can expect to pay €30 ($35) per ton, which will rise to €55 by 2025.”
“A notable example is the implementation of a carbon tax in the Canadian province of British Columbia since 2008, which has also been celebrated globally as a textbook example of carbon taxation in a sub-state actor, as it covers approximately 70% of provincial GHG emissions.”
“The price increase translates to 8.8 cents per litre of gasoline as of April 1, 2021 for the regular consumer, according to the Canada Revenue Agency.After the carbon price reaches $50 per tonne in 2022, it will begin rising by $15 per year until it maxes out at $170 per tonne of carbon pollution in 2030, according to the federal government proposal“.
