Elon Musk approves a carbon tax, pays less attention to methane

Elon Musk approves a carbon tax, pays less attention to methane

Highlighting Points:

  • At a Tesla shareholders meeting on Thursday, CEO Elon Musk stated that solar and wind power, batteries for energy storage, and electric vehicles of all types are the three roads to sustainability.
  • He also backed a carbon dioxide emissions tax. “How about a carbon tax?” says the speaker. “It’s just that we need it desperately.”
  • Musk also provided updates on the company’s factory in Austin, Texas, which is now under construction.

Views by Elon Musk:

At Tesla’s 2021 annual shareholder meeting on Thursday, CEO Elon Musk reaffirmed his support for a federal carbon tax. Solar and wind power, batteries for energy storage, and electric vehicles of all kinds, including automobiles, boats, and airplanes, he believes, are the three components of a “sustainable future.”

“As we shift to electric vehicles and a sustainable energy infrastructure, we will unavoidably progress toward a truly sustainable energy economy, which is where we want to be as soon as feasible.” The sooner you start, the better! Is it possible to impose a carbon tax? “I mean, what the hell,” Musk exclaimed on Thursday, clearly frustrated.

A carbon tax, or a tax on greenhouse gas emissions, has long been considered as a strategy to reduce greenhouse gas emissions, notably carbon dioxide. Some proponents argue that a carbon tax should be phased in overtime to allow industry time to develop and implement lower-carbon alternatives to the CO2-emitting products and processes. According to the New York Times, more than 40 governments have enacted some form of carbon pricing, but the United States has not.

A carbon tax would benefit Tesla by rising petrol prices, which would make Tesla’s electric vehicles more appealing, and by rising energy prices, which would encourage households to install solar panels from Tesla and other companies. Musk recognized as much but reported it would hurt his re-usable rocket business, SpaceX, a major consumer of fossil fuels that is expecting to drill for natural gas and to make use of methane in the rocket operations in Boca, Chica.

“How about a carbon tax?” says the speaker. “It’s just that we much need it,” he explained.

Musk also praised the notion of improving recycling technologies and methods to extract additional materials from old batteries.

“Battery components are 100% recyclable. It is not safe to burn gas. CO2 is an exceedingly stable molecule. For billions of years, Mars’ atmosphere has mostly consisted of CO2. It has a high level of stability. As a result, some people are concerned about methane. Methane isn’t something to be concerned about. Methane decomposes quickly into CO2. Methane is a molecule that is not stable. As if to justify SpaceX’s use of methane, Musk told his audience that CO2 is “very stable.”

“Methane is 25 times more effective as carbon dioxide at trapping atmosphere’s heat,” according to the Environmental Protection Agency. After carbon dioxide, methane is the second most abundant greenhouse gas emitted by human activity and industry. It is responsible for roughly 20% of worldwide greenhouse gas emissions.

Updates about Austin:

Tesla is now building a new facility outside Austin, Texas, that will create batteries on-site, as well as another outside of Berlin, Germany. Tesla also revealed on Thursday that it has relocated its headquarters to Austin. Musk anticipates the Giga-Austin factory in Texas to follow in the footsteps of Tesla’s Shanghai factory, which now produces more electric cars than the company’s original Fremont factory.

Musk stated during Tesla’s annual shareholder meeting last year that the company’s battery and production advancements might lead to lower-cost cars shortly. “We’re positive to generate an appealing $25,000 electric vehicle that’s also entirely autonomous in about 3 years,” he stated at the time. Last year, Tesla said that it had created and was manufacturing its own 4680 battery cells in Fremont, California.

Tesla announced earlier this month that it delivered 241,300 electric vehicles and produced 237,823 automobiles in thes third quarter of 2021. The closest approximation to Tesla’s claimed sales is deliveries. As rival automakers’ deliveries fell compared to the same time last year, owing mostly to supply chain concerns such as a global semiconductor shortage, the company set a new record. According to Musk, global supply chain difficulties will not be entirely resolved until 2023.

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