How Australia could lose out on billions of dollars if it doesn’t make a carbon tax: report

A report by the Climate Institute says that if Australia does not make a tax on carbon emissions it could lose up to $3.6 trillion in annual tax revenue, a “disaster”.The report by climate and energy economist David Whiteford, published on Tuesday, argues that the “disincentive to emissions from existing businesses” and “incentive for emissions …

Texas water supply cuts back after severe drought

AUSTIN, Texas — The Texas Department of Water Resources announced Thursday it has cut water usage by about 15 percent compared with last year, while also reducing pumping capacity.The state is now producing about 6.5 million acre-feet of water per day, down from 6.8 million a day in 2016.But the state is also working to …