StudentShare solutions
Triangle menu

Climate Change and Tax Policy - Essay Example

Not dowloaded yet

Extract of sample
Climate Change and Tax Policy

Carbon Tax is a kind of Pollution Tax purported to be applied on the energy sources which emit carbon dioxide. (Wikipedia)1 The Carbon Emission Trading on the other hand as provided by Kyoto Protocol involves the global trading of permits to emit green house gases converted in terms of Carbon dioxide. (Wikipedia) 2
Obviously there is a need to put a price on carbon to force companies to abandon older, dirtier technologies for newer, cleaner ones. Today the atmosphere is being used as municipal dump where carbon dioxide is deposited free. The New York Times (2007) 3
Once the governments start putting a monetary value on this privilege, business and industrial houses will be forced to evolve smarter ways to run their business. A carbon tax is one approach. Another is to impose a steadily decreasing cap on emissions and
Several arguments are being advocated for and against each of these two forms of measures that can be undertaken by the different countries of the world. This case study ______________________________________________________________________
Carbon tax is based on the carbon content of the fuel being consumed by each entity individually. Under economic theory carbon tax represents an indirect tax on the negative externality as such tax would add up to the actual cost of production by internalizing the social cost of polluting the environment by emitting carbon dioxide and other gases.
Charles Komanoff (2007)5 opines that to attack global warming, every energy-critical decision needs to be predicated on a trajectory of rising energy prices. A phased-in carbon tax allows this, whereas cap-and-trade will do little to mitigate the price roller-coaster that discourages emissions-minimizing investment.
2.1Cases for Carbon Tax:
Levying a tax on the emissions will:
Reduce the fossil fuel usage and substitute them by clean fuels and technology
Provide a revenue steam to enable a progressive tax shifting - Carbon Tax Centre6 Carbon tax could be extended to all carbon based consumptions while trading systems may not be able to reach parts of the transportation and service sectors Transaction costs are lower in the case of carbon tax as compared to emissions trading
Carbon taxes pose an effective system for the reduction of emissions as it is a permanent incentive to reduce the emissions Kevin Baumert ...Show more

Summary

Considerable time and efforts have been spent on the evolution of a system by which the potential danger of the global warming can be contained. As a matter of simple background of the issue; global warming is caused by the thickening of the ozone layer surrounding the atmosphere of the earth, by the carbon-dioxide and other green house gases being emitted by the burning of fossil-fuel and other energy sources world-over…
Author : ernserkaren
Climate Change and Tax Policy essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Climate Change and Tax Policy"
with a personal 20% discount.
Grab the best paper

Related Essays

Our Bandit Future Cities, Shantytowns, and Climate Change Governance
The study explores some of the consequences of the inattention of the climate change literature, and especially the mainstream U.S.-based legal scholarship on climate change. Then it outlines some of the normative advantages of city-inclusive governance in the context of climate change regulation and some possible solutions to address the concerns addressed before.
211 pages (52750 words) Essay
The climate change. Carbon Tax in Australia
The government of Australia have proposed a new environmental tax to be effective from July 1, 2012. It would be levied on the basis of the quantity of carbon dioxide emitted into the atmosphere. Initially the tax rate is set at $23 per tonne of emitted carbon dioxide.
9 pages (2250 words) Essay
Australian Government Innovative Climate Change Policy
Australia has more to lose from climate change than any other developed country as it is a hot and dry continent. That is why the Government has adopted a plan for a clean energy future in the country, that will reduce pollution and drive green investments. Certain price tag was placed on every ton of carbon pollution released into the atmosphere.
11 pages (2750 words) Essay
'An emissions trading scheme is a better policy instrument than a carbon tax in tackling climate change.' Critically evaluat
Pollution may be caused by different elements such as emission of toxic materials into the air or water streams. Industries have greatly participated in the overall increase of air pollution and hence people and governments all over the world have been seriously concerned about formulating such programs and schemes which might prove fruitful in tackling this challenge.
12 pages (3000 words) Essay
Aviation and Climate Change
More and more air traffic growth must have social and environmental impacts. Air transport has significant environmental impact. When we enumerate the whole impact, we just find that the impact of noise, local air quality and the emission of the green house gases are the factors affecting the climate change.
4 pages (1000 words) Essay
Analysis of USAs Climate Change policies
Analysis of USA’s Climate Change policies "Anthropogenic climate change refers to the production of greenhouse gases emitted by human activity". "Green house gas blankets the Earth and keeps it about 33 degrees Celsius warmer than it would be without these gases in the atmosphere" and this is what we call the "greenhouse effect" (Nick Hopwood).
10 pages (2500 words) Essay
United Kingdoms response to the Threat of climate change
United Kingdom’s response to the Threat of climate change Propelled by human activities, the distraction of the global climate has surfaced as a primary matter of anxiety and panic. Since it has been identified that carbon dioxide emissions from fossil-fuel combustion essentially contribute to this problem, people, especially in the industrialized nations, see the expected growth of fossil-fuel use in many developing countries' energy segments with serious apprehension.
10 pages (2500 words) Essay
Global Climate Change in Australia
This report examined the issue of climate change in the Australian context. Specifically, it identified the ecological, economic and social impact of climate change that serve as basis for the recommended policy of increased Australian engagement and cooperation with multilateral efforts in addressing climate change.
5 pages (1250 words) Essay
CLIMATE CHANGE POLICY & MITIGATION
Secondly, it was believed that developed countries should take deliberate actions to mitigate on the increase of the harmful effects of greenhouse-effects. Lastly, the developed countries should support
2 pages (500 words) Essay
Winona LaDuke and Climate Change
LaDuke is also an international voice for the indigenous environmental concerns and has also participated in politics in 1997 where she participated in presidential campaigns. As an activist and Native Environmentalist, LaDuke has successfully led some projects such as the White Earth Recovery Project.
3 pages (750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation