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Carbon tax

Carbon tax

The carbon tax is a term used to describe a tax on greenhouse-gas emission. In reality, the carbon tax is an important instrument used to curb the greenhouse-gas emissions, particular for those emitters and installations that are not covered by emissions trading for CO2. The carbon tax is controversial. The main idea for the carbon tax is that polluters will pay per ton of carbon they release into the atmosphere, or as a compensate those who suffer damage. From a theoretical point of view, carbon taxes are the simplest and most consistent method for internalizing the cost of mitigating climate change. From a national perspective, internalizing environmental costs can undermine the competitive position of domestic industries. That’s why, in a world where markets are becoming more integrated, international cooperation to harmonize environmental initiatives could be an important step toward a more sustainable future. Another way is to use the carbon tax to force a change in lifestyle in the developed markets, for example, on products, services, and houses to make developers and manufacturers think differently with more energy efficient.

Sources; Encyclopedia of Global Environmental Change 2002, and Carbon-Energy Taxation, Lessons from Europe, published 2009, Oxford University Press.


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