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Carbon Tax Benefit Analysis
Carbon dioxide is the ultimate driver of global warming because, like other greenhouse gases, it absorbs and traps heat in the atmosphere and,
thereby, causes an increase in temperature. Large amounts of CO2 and other greenhouse gas emissions are released into the atmosphere by the
burning of fossil fuels, including coal and oil. CO2 causes considerable problems because it remains in the atmosphere for a long period of time, even
centuries. Lowering CO2 emissions is key to reducing global warming. To lower the level of CO2 in the atmosphere, a carbon tax should be established
and the revenue used to compensate for costs that a carbon tax would impose on people.
Pollution caused by carbon dioxide emissions demonstrates a market failure. ... Show more content on Helpwriting.net ...
oil dependency since it would decrease oil consumption. The U.S. would grow more reliable on energy efficiency, renewable energy, and sustainable
fuels without carbon dioxide emissions. Producers, for instance, would be encouraged to find and use more energy efficient technology. Meanwhile,
people would be encouraged to buy more fuel–efficient cars, to form car pools, and to use public transportation (Mankiw, 2015). Consumers generally
pursue cost–efficiency because they are rational and respond to incentives. If the cost of products requiring the emission of carbon dioxide increased,
people would find less expensive alternatives. For example, when the price of oil rose from the years 2005 to 2008, people responded by using
smaller cars and finding alternative ways to get places, including bicycles, scooters, and public transportation (Mankiw 2015). Further, the demand for
fuel–efficient aircraft increased, people moved closer to their workplaces, and the demand for oil decreased (Mankiw, 2015). A carbon tax would
increase the cost of using fossil fuels, which would increase the cost of producing goods and services, and, therefore, provide an incentive for
companies to produce products in a more environmentally–friendly way. The carbon tax, however, would decrease purchasing power and consequently
the labor force and
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Essay On Carbon Tax
Should the U.S federal government adopt a carbon tax to decrease c02 emissions of public and private franchises.
Introduction
Since the beginning of the industrial revolution machinery and surface temperatures have been on the rise. Some may argue that the increasing
temperatures are strictly due to the rise of machinery and less strict efficiency standards. The U.S has been debating what methods are efficient for
combating increasing emissions some argue that a carbon tax has many positive impacts some say if one were to be adopted they would need
reforms. This paper will dive deep into the the effects of climate of change and whether or not a carbon tax can fully help to decrease these emissions.
Environmental effects of climate change ... Show more content on Helpwriting.net ...
With this being said the impacts of climate change are current in the status quo the question is what can the U.S and other countries do to limit the
level of these impacts. The second biggest impact from climate change being seen today is the melting of the glaciers. This plays a huge role in the
environment for three key reasons. First is the change to the e Ecosystem GRUMBINE
Discusses the environmental impact of glaciers melting in the Himalayas. Well in grumbine study he discusses how the increase in average
temperature by even 1 degree Celsius would have a huge impact on the region. The first thing grumbine discusses is how climate change and melting
of glaciers can sometimes be a good thing. In his research paper he discusses how the excessive amount of water in the area has contributed to the
large amount of biodiversity in the region. Grumbine later in his study talks about the situation in China where the Melting of glaciers has come to
them as a blessing. Grumbine states that 12% of runoff is glacier discharge which provides water 25% of the people in western China during the off
season.
2. Economical effects of climate change
Along with environmental changes the U.S and other countries have seen major changes to the economy since sea levels have been on the rise and
temperatures have
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Carbon Tax Persuasive Essay
The new carbon tax which was implemented in 2017 will be doing great things for the environment. The government of Alberta website stated that
they will be using 6.2 billion dollars to help the environment. Some of the money will be going to wind farms, solar panels, and other environmentally
friendly infrastructure. The carbon levy will help ease the change from coal and gas energy to more environmentally friendly energy sources. In
addition; the tax will cover 78–90% of Alberta carbon emissions and in a couple of years when the environmentally friendly infrastructure is in place
we can expect that number to go up. If everybody was fully educated about all of the benefits of the carbon tax then almost nobody would be against
it. But since all Albertans have heard is that it will cost them money they have been against it. Just as the carbon tax may be taking money out of our
pockets currently it also will soon bring a dramatic change in our quality of life.... Show more content on Helpwriting.net ...
60% of Albertans will get rebates well only 6% will get partial rebates. For example, a couple with two children will get $338 in 2017. Not only, will
the carbon tax rebates refund the tax, but it will add some extra money, so the lower and some middle–class families can have a little bit extra spending
money. Likewise, the qualification for a carbon tax rebate is 47,500 for a single and 95,000 for couples and families. However, the government
won't look at your tax returns and give you your rebates, you have to prove to them that you qualify for these taxes. The carbon tax rebates are
mainly for the middle and lower income families so they have the support they need. Not only, are the carbon tax and rebates good, they have also led
to rising oil and gas prices that the lower and middle–income families can't afford making the rebates
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Why British Columbia Should Continue Gradually Increase...
For the last two decades, the increased use of fossil energy caused the environmental problems. The evidence of global warming, like drying rivers,
extinction of species, melting of glaciers, became more often around the planet. The climate change became a threat to healthy environment and
prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia
introduced carbon tax on greenhouse gas (GHG) emissions to reduce global warming. Starting from $10 per tonne of CO2, the price was increasing
annually till it reached $30 per tonne in 2012. During that period British Columbia was reducing harmful emissions and improving economy
comparing to the rest of Canada. However, since the price rise on carbon stopped in 2012, no improving changes in cutting emissions, economy, and
overall quality of life have been noticed. In this essay I will persuade that British Columbia should continue gradually increase price on carbon tax to
the level where it will significantly cut the use of dirty energy, provide enough investments into the green projects, and support low–income families.
The main purpose of the carbon tax is reducing greenhouse gas emissions, which contribute to climate change. It would be unreasonable to ignore this
environmental problem, because British Columbia is located in the region which is highly affected by the climate change impacts like flooding and
wildfires. Therefore, B.C. government
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The Pros And Cons Of Implementing Carbon Tax
Lately, there has been a great deal of discussion about the possibility of implementing a carbon dioxide tax. From the religious and political opinion
of John Locke, it is predicted that John would agree to the carbon tax. This is because first John was interested in Christian doctrine so John believed
in the word of god and in the bible it states '' You shall not pollute the land in which you live, for blood pollutes the land, and no atonement can be
made for the land for the blood that is shed in it, except by the blood of the one who shed it. You shall not defile the land in which you live, in the
midst of which I dwell, for I the Lord dwell in the midst of the people of Israel" Numbers 35: 33–34. So anyway that we can reduce greenhouse
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A Summary On The Executive Summary
Executive summary Name Course Institution Tutor Date Introduction The executive summary has the purpose of putting all the documents together
while polishing the ideas to be discussed in the document wholly. The executive summary from any document also gives a brief summary and
questions how specific numbers in the whole research document are derived. It also gives a brief overview of the whole research in question while
giving the histories of the research in question. It is usually the first thing in a report after the content page is written in a report. In the executive
summary too, the recommendations and conclusions are usually given which enables the reader to gain a full understanding of what the report is all
about without having to skip all through the whole thing. Background The climatic changes which are considered globally have catered a lot in
redefining policies. Most of the human activities usually produce a lot greenhouse gases, which include the carbon (IV) oxide. These gases usually
accumulate in the atmosphere, creating an ozone layer which has a great impact on the climatic conditions of the earth. The size of those changes and
damages in the atmosphere has remained very uncertain, but the estimate of the problems which are caused is very high. Re4ducing the green house
effects is beneficial in the limitations on the degree of the damages which are caused by those gases in the atmosphere. Although it has benefits, it has
costs which
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Carbon Tax in Australia
Carbon tax in Australia 1. Introduction The society of the modern day and age is characterized by a wide array of elements, such as unprecedented
levels of technologic development, ongoing fights for human rights and societal development, but also high levels of environmental threat. The global
warming phenomenon has, for decades, been assessed with importance and reticence alike. While some would argue the severity of the raising global
temperatures, others would attest that global warming was a make belief phenomenon. Today however, as science has proven the existence of the
phenomenon, more measures have to be taken to ensure environmental stability. One means to increasing environmental stability is represented by the
reduction of the carbon print. In other words, emphasis is placed on the reduction of the carbon consumed with the scope of decreasing the negative
environmental impact onto the environment. Within Australia, this endeavor has been approached at multiple levels, one notable effort being
represented by the creation and implementation of a carbon tax. At this level then, the focus falls on the assessment of the tax and its short and long
term impacts on the tourism and hospitality industry. 2. Carbon tax introduction The first talks about the introduction of a carbon tax in Australia
commenced years ago, but it was not until 2012 that the tax was actually implemented. The introduction of the tax in the country was explained by the
fact
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Remi Carbon Tax
Introduction We have all heard statistics over how unmitigated global warming can lead to rising sea levels, increased temperatures, lower rates of
precipitation. The Congressional Budget Office recently found that climate change, if unmitigated, would create costly damage not only to the United
States's economy, but also to the world as a whole (source). Despite a scientific and general consensus that climate change is real and a problem, actual
committed action against climate change has been disappointingly slow, until recently. We also know the cause of climate change. The United States
EPA finds that "Carbon dioxide accounts for most of the nation's emissions and most of the increase since 1990" (EPA). What we don't know is a
solution. ... Show more content on Helpwriting.net ...
Carbon leakage can be best described as offshoring of carbon emissions. The fear is that if countries like the United States enact carbon taxes,
companies would simply relocate to foreign nations without carbon taxes to polluting the same amount as before. The truth, as usual isn't so simple.
First of all, in countries that have implemented carbon taxes, there have been no large scale carbon leakages. The Ecofiscal Commission, a
Canadian based think tank, found that a majority of Canadian businesses would we able to weather a carbon tax and remain within the country
(Bakx). Ecofiscal elaborates on this, saying that Canadian "economy consists of the service sector, things like financial services, and adding a carbon
tax wouldn't make much of a difference". Secondly, the impact of carbon leakage would be almost nonexistent if all countries, including the United
States, enacted regulations to reduce carbon emissions as well (CBO). That would be the current status quo assuming that the Paris Climate Deal is
faithfully enacted. Finally, even in a worst case scenario, the impact of carbon leakage is overstated. Analysts have cast a wide net when predicting
the impact of carbon leakage, but the general scientific consensus is that carbon leakage wouldn't be nearly as aggressive as many people fear. The
Congressional Budget Office finds that "in the absence of a
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Carbon Tax Persuasive Memo
Dear Representative Judy Clibborn of the 41st Legislative District,
Climate change is real, and it's happening. As a concerned citizen of Washington and the world, I want to advocate Initiative 732. This is an initiative
that would help Washington–– and later the entire nation –– take steps towards cleaning up our environment and creating a safe and livable future for
our next generations. Over 360,000 people have already signed in favor for I–732, showing that they agree with creating a carbon tax that would
charge polluters $25 for every metric ton of CO2 they emit. However, this tax is revenue neutral––meaning the revenue produced will be returned back
to residents through various tax cuts. This would cause a minimal impact on the economy, but still encourage people to transition into ... Show more
content on Helpwriting.net ...
However, according to the Washington Department of Ecology, the "potential costs to Washington fromclimate change impacts are projected to reach
nearly $10 billion per year by 2020 and $16 billion per year by 2040". Yes, a carbon tax could potentially put pressure on businesses that heavily rely on
fossil fuels, but I–732 also has precautions to these. Not only do they propose introducing the tax, but they also want to lower our sales tax by 1%.
This way, it would encourage people to spend money on more sustainable products.
Although there isn't a lot of cases of countries with carbon taxes yet, one success story comes from Ireland. According to the Carbon Tax Center,
Ireland was one of the highest producers of greenhouse gases in Europe, with levels close to that of the United States. However, after implementing
the tax that charged about $23 per ton of CO2 in 2010, emissions dropped more than 15%. Yet their economy didn't fall along with the CO2 levels–it
grew instead. I think that Ireland is a great example of the potential carbon taxes can have, and that we should factor in their case when deciding on
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The Cost Of A Carbon Tax Or Cap And Trade System
Another implication with the imposition of a carbon tax or cap and trade system is that depending on the industry specialization of the country, it can
result in primarily hurting the industries that are key actors in the local economy. Hence, at times, it is difficult for industries to promote clean energy
at a reasonable time to internalize the extra cost imposed on them through a carbon tax policy. For instance, the Conservative government in Canada had
opposed carbon pricing, arguing that it would hurt economic growth, especially in the oil sector. In addition, they argued that a carbon pricing policy
would not achieve its intended goals because other countries are not willing to impose the same standard on their industries, resulting ... Show more
content on Helpwriting.net ...
British Columbia's Carbon Tax Policy
The paper has thus fur discussed the implications of carbon pricing and its effects. Hence this section of the paper will take British Columbia's
carbon tax policy as a case study to understand the effects of a carbon tax on society as a whole and or the targeted industries. Since 2008, British
Columbia has imposed a carbon tax, the first jurisdiction in North America to do so. The carbon tax system in British Columbia is designed as a
revenue neutral, meaning every dollar generated by the tax is returned to British Columbians through reductions in other taxes. As a policy direction,
the British Columbian provincial government has implemented income taxes cuts to compensate consumers who had to pay higher prices for gas and
other services that are under subject to the carbon tax legislation.
One of the implication of a carbon price system is that is that its impact will be dependent on the design of the policy. Besides, the role of the
industries in the economy that will be subject to the policy will have tremendous effect. Moreover, the role of trade and whether or not international
firms will be subject to the same degree as local or national firms under the carbon pricing policy will make a difference on the impact level of a carbon
pricing. In the case of British Columbia's carbon tax, foreign actors were are not subject to the carbon tax policy since the tax is
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Cap And Trade Vs Carbon Tax Essay
1.This is the third class I have taken where we have discussed cap & trade vs. carbon tax. I believe both systems have their merits and utilizing either
one would positively affect climate change and the economy. I believe carbon taxes are the better of the two options because it is simple and
immediately causes companies and individuals of ways to reduce fuel and energy consumption. Simply put the less fossil fuel used the less the tax
affects the company or individual. Secondly money collected in taxes should be based right back to the businesses and individuals in the form of tax
breaks and rebates. This will spark growth in the economy. Cap and Trade on the other hand set a predictablecarbon dioxide levels and rewards
companies for being beneath those limits by allowing them to sell their their unused allotment of carbon credits. Companies that have been able to
meet their required levels can in turn by these extra allotments and in turn by themselves more time to develop new ways to reach the predetermined
goal. This later system spars free trade and will have the overall affect of reducing carbon emissions however I believe it creates less of an initiative
for bigger more lucrative companies to reduce carbon emissions and just gives them a way to buy themselves a way to continue to pollute above
acceptable standards.
2. ... Show more content on Helpwriting.net ...
I find Jeffrey Sachs points most compelling in the fact that a carbon tax covers the entire economy and reaches units impossible by cap and trade. I
also agree with him that a cap and trade market can be manipulated. Lastly, I also like the fact that a clear revenue is collected with a tax system. I do
not disagree with any of the points offered by the experts I just personally lean more toward the carbon tax
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A Brief Look at Climate Change
Climate change continues to be one of the biggest issues in the world today, both politically and economically because it aggravates average increases
in the global temperature and contributes to rising seawater levels around the world, posing serious threats to human life. A required immediate
response from the government to rectify the climate change problem includes penalizing emissions of greenhouse gases (GHGs). Hence a carbon tax
should be aimed at: lowering GHGs emissions by penalizing polluters, motivate people to shift towards renewable sources of energy and foster social
welfare by minimizing externalities and environmental damage that would contrarily occur in business–as–usual approach (Spash & Lo, 2012).
Currently, the market price of goods and services produced within our economy fails to account for social and environmental damage (climate
change) caused by the polluting firms. This indicates towards a market failure (negative externalities) because our forthcoming generations will suffer
the most from repercussions of climate change. Implementation of a carbon tax will help rectify this market failure by incorporating the monetary
value of social damage in the polluters' decision (Spash & Lo, 2012). Carbon tax can also be called a Pigouvian tax because it helps correct the
underpricing of current household goods and services by including their social cost. Majority of environmentalists and economists recognize the
repercussions of massive GHGs emissions and
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Macroeconomic Impact Of The Carbon Tax
This paper examined the macroeconomic impact in the case of the carbon tax. In order to quantify its impact, this study divides key economic agents
(firms and consumers) and analyzes their economic activities. I find that firms and consumers will respond to the carbon tax ($40/ton) by decreasing
their economic activities at 2% and 0.7% respectively. As a result, a decrease in GDP is expected due to decreased production and consumption. To
avoid this, tax dividends should be allocated to consumers non–uniformly depending on the income level and renewable energy subsidy should be
invested to firms to maintain their production level. Introduction A great deal of scientific evidence has supported the importance of environmental
policy to... Show more content on Helpwriting.net ...
As a result, GDP will be negatively affected by the effects of reduced production activities of firms and lowered disposable income level of
consumers. Therefore, in order to minimize the negative impact on the economy, policy should be carefully designed to compensate household
proportionally to the extent of impacts due to the carbon tax. And, it needs to have alternative incentives for firms to sustain their production level
through subsidizing renewable industries. In order to show this result, this study takes steps to explain each of following policy questions: 1) How
and which would consumers be affected, 2) How would tax payers (firms) react in the response of carbon tax, and 3) What could the overall impact
on the economy be. General idea: Structure of carbon tax policy and Comparison with CPP The major difference between CPP and this proposal is
that CPP is a quantity–based emission regulation while allowing market trade, whereas the proposal is a tax–based regulation. Due to the different
nature of each mechanism, there are obvious trade–offs between both policies. First, cap and trade can achieve reduction goal with more certainty by
setting a clear goal for emission reductions. But cap and trade method needs higher administration cost to monitor and regulate firms on a regular
basis. Whereas, a carbon tax is simple to apply by setting a certain rate of tax and no further
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Imposition of a Carbon Tax in China
Answer 2 Part 1: Summarize: Now a days, there is a war of economic war in which every country played their economic part to want to be a leader or
powerful, in this situation many industries is established and several advancements are held, but no one realized the result of world–wide pollution that
affects the natural environment of the world. In Australia, the debate is that the most of the economist or tax experts want the carbon tax to all the
industries so that those industries who doesn't care the environment move to those countries where such taxes are not imposed (such as China). China
has a very strong economic power in the world, but china encouraged the entire industrialist to establish their industries in their country. Most of the
people consider that after imposition of carbon tax, there is no affect on the world–wide pollution, but in china both factors are involved is that the
Chinese consumer want the goods that producer produce for them or they want the clean air environment after sacrificing the product, in this situation
the behavior of consumer is based on the budget that either their budget allows them to scarifies those product with comparison of clean air. So, the
Chinese people are indifference in this situation where they want one product with no clean air or clean air with any products. Also by the relocation
of industries to china, they also affect the income of the Chinese people so there preferences belong to those two products. Chinese
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Essay On Carbon Tax
The year 2016 was the warmest year on average in NASA's 136 year record. One main reason this occurred is the increase in greenhouse gases. To
reduce the amount of greenhouse gases in the air, the Canadian government has decided to implement a carbon tax as of 2018. (Canadian Press,
2017). A carbon tax is a "legal binding associated with harmful emissions charge." (Maclean's, 2016). Several provinces have already introduced a
carbon tax, including British Columbia, Alberta, and Quebec. While British Columbia and Alberta have a carbon tax, Quebec uses a cap–and–trade
system instead. The government believes it is important to avoid "economic damage caused by cross–country carbon price differentials." (Maclean's,
2016). That is why they are... Show more content on Helpwriting.net ...
Her point is important to note because she emphasizes that although in some cases there are alternatives to fossil fuels, there are often many limits
to their use as often the technology is still in the early stages of development. The president of Saskatchewan Heavy Construction Association,
Shantel Lipp, has similar concerns. In a recent interview, she also made it known that many industries do not have access to any alternative fuel
sources. She goes on to say that the Saskatchewan Heavy Construction Association's machines, as well as their crushing and asphalt plants, are
running solely off diesel and propane powers most of the associated workers camps. (Canadian Press, 2017). There are no reasonable alternative
fuel sources available for them to replace either diesel or propane as their fuel sources. Because of this fact, implementing a carbon tax will not
have the desired effect of reducing the amount of carbon emissions. The only result will be an increase in the cost of doing business. Michael Fox
said that we do need to create alternatives to fossil fuels. But until then, he added, we need to use fossil fuels to build our economy until we can
afford to develop efficient alternatives. (Fox, 2015). A carbon tax is a tax directed at fossil fuels and until we have easy access to efficient alternatives,
consumers will pay the price. Second, Canada
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Carbon Tax Controversy
since the industrial revolution business has operated in an environment where it did not bear the full cost of production because of its capacity to
externalize some of its costs through the pollution of air and water" (p. 398). He further explains that even without a comprehensive measurement of
the cost, climate change has imposed significant costs arising from pollution on society.
As indicated in Figure 1, externalities are primarily as a result of the effect of carbon producing waste on the environment, where output and waste
surge creating a negative effect on the environment. As consumption increases, output and waste increase resulting in amplified externalities to the
society, for example, health risks associated with air pollution. A carbon tax would incentivize consumption and allow for an aggregate decrease in
waste (carbon dioxide emission) output. Morris and Mathur (2014) suggest that if the carbon tax is priced in an optimal way it would allow for changes
in behavior, output and waste, constructing a social optimal model, therefore positively affecting climate change.
Table 1. Externalities Related to Climate Change ** Q = OutputP = Production
In addressing climate change from the market failure perspective, it is ... Show more content on Helpwriting.net ...
Scholars and policymakers have highlighted several drawbacks associated with the carbon tax in that it is not a long–term revenue source. Because a
large enough tax will theoretically change behavior and decrease the use of carbon products long–term, revenue would decrease. Therefore, revenue
recycling makes an economy unattractive to investors. Also, at the implementation stage, it is expected to be costly for the local governments and
businesses to implement the carbon tax and the reallocation of resources after implementation. The carbon tax would also increase cost of production
creating domestic and international
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Essay On Carbon Tax
The commentary examines the imposition of carbon taxes in Singapore. A carbon tax is a specific tax placed on fossil fuels per unit of carbon
emissions. This tax acts as an incentive for producers encouraging polluting firms to reduce their carbon emissions and switch to less carbon emitting
energy resources and/or technologies from 2019 onwards. Greenhouse gas (GHG) emissions are a negative production externality; an externality that
is created by the producer. This is a form of market failure as the market is unable to allocate factors of production efficiently. The over production of
carbon emissions has dire effects on the environment as well as all of those within the global market.
Figure 1 demonstrates the emission of carbon tax ... Show more content on Helpwriting.net ...
The imposition of this carbon tax would affect all stakeholders within this economy. Producers reap the largest burden, calculated by Pm– Pp x Qt
shown (pink region) as this tax in Singapore is implemented on emitting firms. Consumers also are affected by the imposition, calculated by Popt – Pm
x Qt (blue region). This is a result of producers translating production costs to consumers. Government as well see the imposition of the carbon pricing
as a benefit. The total shaded area represents the government revenue received by the tax that is paid by producers and consumers within the
Singaporean market. In the diagram, S=MPC shifts leftwards due to increased production costs towards MSC. Equilibrium after the imposition of the
tax is at Qopt, Popt lying at the social optimum at which the market assumes the principle that the larger the amount of Co2 emissions emitted, the
larger the proportion of carbon tax the emitting firm has to pay.
The foremost important benefit of the implementation is to decrease the occurrence of climate change. The Singaporean carbon tax will overall limit
the output of carbon emissions with the added benefit of being imposed quickly. Further, it encourages industries to use renewable energy sources in
production or restrict the use of oil consequently, placing increasing importance on renewable energy alternatives, acting as an incentive.
On the other hand, the imposition of this tax
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Persuasive Essay On Carbon Tax
Carbon Tax it is! The world is changing, well the environment is. For many years mankind has been finding ways to make Earth easier and
liveable,therefore, we have been cutting down various trees, building houses and industries to make Earth more adaptable for humankind.These mass
productions are polluting our environment due to the fact that carbon dioxide is being released to the atmosphere. The amount of carbon dioxide in the
atmosphere has had a very distructive consequence,Global warming.Global warming started around the 1880's around 40 years after the Industrial
Revolution in America.As a consequence of global warming the climate change on the Earth has had lethal impacts.Humankind has came up with ways
to help control the amount of ... Show more content on Helpwriting.net ...
Where how carbon tax these companies are charged directly for the carbon they are releasing the carbon tax is more heavily affective to the
companies because they are not able to buy more permits off the smaller companies that did not use theirs.In my opionion the lost money from the
free money to little companies can be used in organizations for renewable energy resources.In the comparasing chart in greenhouse tax versus
greenhouse cap and trade the one and only section that carbon tax didnt win cause by uncertainsy I believe that carbon tax should of won just cause
cap and trade were unclear if it will reduce becuase they would need the CPRS to aprove on the other hand on the section of carbon tax an option is
provided that will make the system function all it would require is to review the economy
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Development of Cleaner Carbon Technologies
Private agreements are essential for the disruption of private interest groups domestically. They provide collaboration, direct access to foreign markets
and the right economic incentive. In October 2013 Duke Energy and ENN group proposed a private agreement to invest in renewable energy by
developing solar farms within China. They have agreed to join together instead of competing, there is evidence international cooperation is increasing
competitively. Other groups have proposed the exchange of carbon capture and storage information with the knowledge of safe and efficient nuclear
plant management. This information being a national security issue has to be approved by the US government it provides leverage to isolate and
disrupt domestic interest groups. Internationally, the United States can provide channels to broker thee agreements. More directly the U.S should
attempt to collaborate directly with china in the development of cleaner carbon technologies.
The best area for collaboration is the building of a carbon capture and storage system. On a smaller scale models this technology has managed to
capture up to 90% of carbon dioxide emissions from coal powered plants. The CO2 is collected, transported and buried in used oil fields. The CCS
project has not been demonstrated on full power plants due to its immense cost. Although it can be argued that this only defers the pollution problem,
due to the immense cost of alternative energies it is a reasonable compromise. The
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Carbon Tax
In 1979, the first World Conference on Climate was held, which included many scientists that warned about the affects human activity has on climate
change (DiMento 35). Climate change is not only affecting human health but the earth as well, for example; scientists now predict the Artic sea may be
ice–free in the summer between 2030 and 2050, which is decades earlier than predicted (DiMento 46). Greenhouse gases are warming the earth which
the earth's temperature is rising thus causing not only ice and snow to melt faster, but sever heat waves as well. Other issues with climate change
include, drought, as well as more snow and rain hitting certain areas of North American than normal. To be able to stop climate change, there needs
to be changes made to the way people live and use fossil fuels. The best place to start a change in the U.S. would be to adopt a carbon tax. A carbon
tax is a pollution tax or a fee for the production, distribution or use of fossil fuels. The United States should adopt a carbon tax because it would
improve the economy, encourage to use alternative fuels, and reduce the production of carbon dioxide.
Improving the ... Show more content on Helpwriting.net ...
The poor and middle class will not be harmed with a carbon tax because of profits congress could use it to lessen the regressive effects of the
carbon tax. "An income tax break of $119, $112, $105, and $76 to individuals ... would balance the burden to about 1 percent of net annual income
for each group, ... or the revenue could alleviate the burden of other regressive taxes, such as the payroll tax" (Belsie 1). As well as mentioned before
this gives many families to try new cleaner energies like solar panels and smart cars. It is understandable that a new tax can be frightening and nobody
likes change, however a carbon tax will not only benefit Americans health, the earth, but their wallet as
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The Carbon Tax Policy Of British Columbia
Climate change has been an increasing concern in today's world and has proven to be detrimental in the coming years. With the increasing human
population, the consumption of fossil fuels has been in high demand and this poses a threat in the future. After several years of political and cultural
pressure to take a stand on climate change and in order to control the regulation of carbon dioxide emissions into the atmosphere, British Columbia
implemented the carbon tax on July 1, 2008 (Murray and Rivers, page 3). This tax was the first to be imposed in North America and was
revenue–neutral (Murray and Rivers, page 3). Due to its myriad of benefits, the carbon tax was favored by many and did has not disappointed; not
only have greenhouse gas emissions dropped, but business have grown tremendously, and other energy sectors are flourishing. While counter
arguments may highlight the negative effects of the taxation policy, rebuttals often overlook the long–term advantages. In this paper, I will prove that
the carbon tax policy in British Columbia has had several beneficial outcomes such as the reduction of greenhouse gases and economic growth. I will
then raise an opposition to my thesis by arguing that the short–term economic effects will be damaging to the lower–income classes. However, I will
show that this objection is not as valid because the long–term benefits, both economically and environmentally will ultimately prove integral in the
alleviating future climate change.
The
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Carbon Tax In Canada
Issue
The Government of Saskatchewan has agreed to implement a carbon tax consistent with the federal carbon tax plan. The carbon tax is a big win. It is
a new source of revenue for the government. It is important to how the $2.5 billion should be allocated in efficiency and equity.
Background
A tax on greenhouse gases, often called a carbon tax. Carbon taxes are a promising way to reduce greenhouse gas emission from a variety sources. The
predominant greenhouse gas is carbon dioxide, which results from burning fossil fuels produced by human. A carbon levy is charged on all fuels that
emit greenhouse gas. These include heating fuels and transportation such as propane, gasoline, diesel and natural gas. The levy does not apply to
electricity, but the carbon tax would be passed forward into the price of electricity.
A recent survey showed that "the top US economists found near unanimity on the optimality of a carbon tax as an instrument for reducing greenhouse
gas emissions." In other word, pricing carbon is one of the most sensible policy prescriptions to reduced greenhouse gas emissions.
The rate of carbon tax is based on the amount of carbon pollution released by the fuel when it is combusted. Therefore, the public service, industries
and individual are as far ... Show more content on Helpwriting.net ...
In Chinese proverb, "It coming from its people, should absolutely benefit the people." It means although with a high ratepayer taxes, the government
is able to use the taxes on the people. The rest of carbon revenue should spend on investment. Farms have plenty of sunlight for solar and biomass for
burning. Diesel engines can be made to run off of plant oils. It is efficiency to replacing coal with clean energy for reduce the greenhouse gas
emission. It could build wind turbines replace coal. It is more safely and reliably use the intermittent flow of electricity that comes form wind turbines.
It will reward from invested new technology, even have high cost
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British Columbia’s Carbon Tax and its Impact on Greenhouse...
In June of 2008, British Columbia became the first and only Canadian province to introduce a carbon tax, and has been praised and scone by
environmentalists, economists, and politicians alike, arguing whether the tax is efficient or destructive method of controlling greenhouse gas
emissions. The liberal premier Gordon Campbell introduced the carbon tax; its main purpose would be to enforce a carbon tax to increase the price of
consumption of fossil fuels within the province, the philosophy behind the tax was to make taxes higher on the deemed environmentally detrimental
purchases and lessen the tax on the others. The carbon tax promised to achieve this in a carbon neutral way, which meant that the revenue received
from the tax would be ... Show more content on Helpwriting.net ...
Stewart Elgie, a University of Ottawa law and economics professor and chair of the green economy think–tank Sustainable Prosperity suggests that
British Columbia's per–capita fuel usage had fallen more than 4 per cent compared with the rest of Canada and its economy (Ebner, McCarthy, 2011)
Evidently it is reducing the amount of green house gasses emitted by fossil fuel use. However this is not the concern many had with the introduction of
the tax, but the concerns were focused upon the externalities caused by this and the effects it would have on the economy. Three years since the
carbon tax introduction and the Provincial level of GDP has remained approximately the same, (Greenery in Canada: We have a winner) With the
provincial level of GDP remaining around the same, this suggests that at the very worst the carbon tax has had no negative effects to the provincial
economy. Furthermore the tax also promised to remain carbon neutral and promised to cut corporate and private income tax. British Columbia has
become the province with the lowest income tax regime and the lowest corporate tax regime (Greenery in Canada: We have a winner). Although the
carbon tax is being praised by many, it still faces concerns as many still argue the ineffectiveness of the tax and what that means for the province.
One major objection many economists have to the question of carbon tax effectiveness is whether the taxes on carbon are high enough to create any
change in
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The Balance Between Ecological Sustainability And Economic...
Policy decisions in the context of climate change are uniquely tenuous. The impending magnitude of a potentially inhabitable planet combined with
political inexpediency creates a status quo where big decisions must be made with relatively few case studies to draw upon. It is therefore imperative
that we question what the best method is for mitigating private sector emissions. There are multiple factors at play that fundamentally implicate how
this question should be answered. The balance between ecological sustainability and economic progress must be addressed when understanding
whether a policy will remain feasible. Solvency for this solution must reach a global scale, due to the amount of carbon emissions that must be
reduced by foreign nations. This means the best policy would likely have a mechanism to facilitate international cooperation. Lastly the magnitude of
the situation calls for economic overhauls in times too short to be feasible under normal circumstances. The ability to scale up to accelerate a
transition will also be considered. The purpose of this paper is to analyze existing and proposed methods to mitigate private sector emissions by the
United States federal government. This paper reflect upon the costs and benefits of using a command and control method of mitigation against using a
method of carbon pricing. The most important point of analysis in regards to command and control is the Clean Power Plan of 2015, currently under a
stay by the United States
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What Makes A Carbon Tax?
Another political barrier is encouraging investment in clean energy. It is widely agreed that implementing a carbon tax would encourage investors to
work towards cleaner fuels, nevertheless, the U.S. remains widely against additional taxes. Finally, the last obstacle is technological. With renewable
energy and green technology being new, there are certain barriers that are holding back green technology from being beyond the current level of
production (New York Times, Arthur Ochs). Energy means nothing if there remains no long term way to store it, "Energy is most useful to us when it
is concentrated, transportable and storable" (Powering Planets, 41). So a larger capacity and longer lasting battery would be greatly beneficial to green
technology as well as the outside that market due to the spillover effects.
With the high initial costs, it is easy to identify why the United States continues to be hesitant to develop and implement green technology. There are
also several other worries including unforeseeable collapses; Eventually "all good bubbles burst." Though there remains a lot to accomplish with green
technology, it transpires as a fast–growing and aggressive market. One of the biggest issues that green companies face is "finding enough customers to
support the costly infrastructure that they must build first." This type of issue is strange considering support for renewable energy has never been
stronger. An example of this would be SunEdison, a renewable energy
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There Has Been Confusion About What A Carbon Tax Is And
There has been confusion about what a carbon tax is and does; perhaps the word 'tax' is to blame. Unlike most taxes it's not aimed at raising revenue
but at changing behaviour, to make it more likely that Australia will meet its targets for reducing greenhouse gas emissions. Australia has more reason
to do this than most other countries. We are the biggest per capita emitter ofcarbon dioxide among developed nations, and the world's 10thbiggest
emitter overall, despite our small population. In 2009 we emitted 19.64 tonnes per person, compared with the world average of 4.49 tonnes or China's
5.83 tonnes. We have already experienced the effects of more extreme weather – from droughts and bushfires to floods, and as a coastal nation we ...
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It will set up the economy for deeper cuts down the track, and can be easily boosted if global action increases. Just as for individuals, the cost for
most businesses will be quite light, cushioned by compensation packages aimed at easing the initial pain. So it's a gradual start, with a fixed carbon
price from July 2012, then from July 2015 there'll be a market – an emissions trading scheme with a floor and a ceiling price for carbon. This hybrid
approach is a way of achieving long–term stability of the carbon price, encouraging investment in new technologies. This gradual start (due to industry
and political opposition) means that the biggest short term impact should come through ambitious spending programs driven by revenue from the tax.
A $2 billion a year Clean Energy Finance Corporation, run by an independent board of energy and investment experts, should kick–start investment in
large scale clean technologies, and in improving our substandard industry energy efficiency and 'clean' goods manufacturing. Some revenue will be
spent buying out and shutting down about 2000 megawatts of the dirtiest coal power, including Hazelwood or Yallourn power stations in the Latrobe
Valley. A Climate Change Authority, run by former Reserve Bank chairman Bernie Fraser, will make annual recommendations on Australia's
greenhouse targets, based on assessment of what is happening
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Carbon Tax In Australia
In 2010, Australia produced around 20 tonnes of carbon dioxide per person, more per capita than the United States and almost any other country, in
large part because of the quantities of cheap coal available for electricity. In 2012, Australia enacted a tax on carbon emissions, starting at AU$23
per tonne and moving up to AU$25 per tonne in 2013. Two years after it was implemented, and before it developed into the next planned stage of an
emissions trading program, Tony Abbott was elected and the senate voted to repeal it. I believe that a carbon tax like the one in Australia is an
effective policy, but it must have the support of the people in order to reach its full potential for aiding in climate change–stopping or whatever. This
essay... Show more content on Helpwriting.net ...
After Gillard lost her office in June 2013, she wrote: "I erred by not contesting the label 'tax' for the fixed price period of the emissions trading
scheme I introduced." The public saw this move as a broken promise, regardless of the good it might do for the environment. Additionally, there
was a lot of bad press from opposing politicians and other public figures about the carbon tax. Tony Abbott called it "an octopus embracing the
whole of our economy" and promised to "tax the ax" as well as making more trivial remarks about how a leg of lamb would cost $100 under the
tax. In fact, the price of lamb went down, and the carbon tax never applied to agriculture, but Abbott knew that opposing the carbon tax would gain
him a lot of favor with angry former supporters of Gillian who disapproved of the tax. He took full advantage of this when he said things like "As
many of us know, women are particularly focused on the household budget and the repeal of the carbon tax means a $550 a year benefit for the
average family." This turned out to be a false (and sexist) claim, but that sort of talk won him the 2013 election by a landslide in a campaign based
almost solely on repealing the carbon tax. . But people like their money. Voters feel little responsibility for a problem so widespread as climate
change, especially when they can see the much more personal effect of their rising power bills. Electricity prices did rise during the time
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Should The United States Adopt A Carbon Tax? Essay
Justine Ramos
Should the United States adopt a carbon tax to combat global warming?
INTRODUCTION
Tremendous amounts of carbon dioxide are released into the atmosphere every day and the consequence is the destabilization of Earth's climate and
damage to existing and endangered ecosystems. In order to avoid these ramifications, carbon emissions must be reduced. Industrial nations like the
United States rely heavily on the burning of billions of tons of fossil fuels, such as coal, oil and natural gas, as their primary source of energy
generation. Unfortunately, this has led to the United States being one of the top leaders in carbon emissions in the world along with India and China
(Woodard, 2007, pg. 27). A proposed solution that has already been implemented in several nations is the carbon tax (CO2 tax), which puts a price on
and taxes the carbon dioxide emitted from the burning of fossil fuels and makes polluters pay the price for the emission of their negative externalities
into the environment. As fuel follows through with the combustion process, carbon dioxide is released into the atmosphere where it remains. The
carbon dioxide traps the heat in the Earth's atmosphere leading to a rise in global warming and climate change (Carbon Tax Center, 2016a, What's a
Carbon Tax section, para. 2). A carbon tax can quickly and easily be implemented by the United States federal government and has the potential to
conserve the environment by reducing carbon emissions,
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Social Cost Of Carbon Tax Analysis
The central question related to the carbon tax is how should the tax rate be designed, and one most straightforward approach is to set the price of
emission per ton equals to the social cost of carbon per ton, which represents the social incremental damage of emissions. Such a Pigovian tax is
ideally an economically efficient way as it would lead to the socially optimal level of emissions where marginal benefits of emission equal to the
marginal costs (Kaplow, 2012 as cited in Metcalf, 2017). However, estimating the social cost of carbon is complicated because the cost represents the
present value of expected environmental damages caused by one additional unit of emissions today, while the damages persist far in the future. To
accurately measure... Show more content on Helpwriting.net ...
Major bills include Cut Carbon Act of 2009, Save Our Climate Act of 2009/2011, Climate Protection Act of 2013, American Opportunity Carbon Fee
Act of 2017/2018 (C2ES, 2013; Congress). All of these acts try to impose a carbon tax to reduce emissions of carbon dioxide, and almost all of them
have specified all taxable carbon substance sold by the manufacturer, producer, or importer of the substances as the coverage of the tax. Most of them
have specified emission targets as to reduce the U.S. carbon dioxide emissions 80% below levels of some given year by 2050, with different starting
tax rates ranging from $10 to $20 per ton of CO2 and different annual increasing rates. Some acts suggest the Treasury as the regulatory authority, and
some suggest the Environmental Protection Agency. Even though carbon tax is a topic that has been consistently brought up, none of the acts were
passed and enacted. There are also attempts to apply a carbon tax at the state level, nevertheless, no US states currently have authorized
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Puffle Party Research Paper
Hey guys, how are you all doing? We are representing the Puffle Party of Canada. As a new party, we have a fresh view on Canada's biggest issue.
Our party's platform on the important issue is pro–harper. Trudeau's hair is definitely great. Haha, our old PM had some issues with new PM's hair.
Anyways, we really do think that our party's views will provide a better alternative to Canada's current government, because our views reflect the
priorities of the people, and our plan is built around Canada's current issues.
Economy
One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most
affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to... Show more content on
Helpwriting.net ...
We plan to implement a taxing system on carbon emissions that we call "Cap–and–Tax" and increase the gas tax to encourage responsible use of gas.
The "Cap–and–Tax" program will be a mixture of carbon taxing and a cap–and–tax system. At the start of the year, the government will put a cap on
the carbon emissions a company can produce for the year, then space can be auctioned around. Then, throughout the year, the government will tax the
company on their emissions, but not as severely as a solely carbon tax system.
For example, under a cap–and–trade system, a company with large carbon emissions might pay $1 billion dollars upfront for a high cap, or pay almost
$2 billion under a carbon taxing system. With our Cap–and–Tax program, a company might pay $500,000 to get a high cap on their emissions, then
pay $750,000 in gas taxes. The company doesn't have to pay a massive amount upfront, and doesn't pay as much to carbon taxes. This system will
make large carbon taxes more manageable for struggling companies, and save companies money from carbon
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Why I Like To Pay My Taxes
A government is responsible in maintaining and improving the country's structural elements, such as economy, military, agriculture, education and so
on. In order to fulfill these responsibilities, the government requires a budget, which it acquires through taxation of the population. In the reading
"Why I Like to Pay my Taxes", Neil Brooks insists that taxes are a good thing, and that they are necessary for society to function, and beneficial in all
aspects. He also criticises: people that see tax increase as negative, call taxation a great burden and a restriction of freedom. Neil Brooks shows bias
by displaying only the pros of taxation. It is fair to say that arguments with regards to the pros and cons of taxation are a very grey area. The ... Show
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The increase of tax rates, as well as creation of new taxes leads to rising prices on certain products and purchases.
When presenting the federal budget, the liberals placed in effect increase tax increase on tobacco and alcohol.
By Lisa WrightBusiness Reporter
Wed., March 22, 2017
SMOKERS, DRINKERS ...TOOK A HIT IN WEDNESDAY'S FEDERAL BUDGET.
The excise duty rate on cigarettes is increasing to $21.56 per 200 cigarettes from $21.03. For alcohol, the excise duty rates are going up two per cent
The Liberals are also eliminating the 15 per cent tax credit for commuters who buy a transit pass.
As part of the federal budget, the liberals are proposing a Health Care Plan Tax, as well as Internet Tax. A lot of work places offer Health Care Plan,
which are available through paycheck deductions. They cover items such as dental, prescriptions, eye–care etc. Taxing these would hurt both the
employers and employees.
Prime Minister Justin Trudeau refused to rule out the possibility Tuesday that the Liberals will increasegovernment revenues by taxing private health
and dental plans in the upcoming federal
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Carbon Tax Research Paper
Global warming is real. The truth is if we do not act act boldly and quickly the problem will get worsen in the coming years to come. It is the major
threat to the planet earth and to minimize this threat, it will require a major reduction in the burning of the coal and fossil fuels. The fossil fuel
industry that releases Green house gases like carbon dioxide in major percentage, methane, nitrous oxide, has played major role in this threat increment
and its contents is increasing daily in the atmosphere. As Earth's climate warms, rapid loss of glacial ice is being documented around the world. The
rising of the sea levels throughout the world is also observed. These multi billion dollar industry is slowly destroying the planet earth, and getting rich
while doing it. That must end and I believe therefore a carbon tax is must in order to dramatically reduce the carbon pollution.
In 2008 Eminent climatologist James Hansen urged U.S. President Barack Obama to support a carbon tax. Hansen was the first climate scientist to
state publicly that greenhouse gas emissions were causing climate change, at a hearing before the U.S. Senate 20 years ago. All reputable scientists
agree that climate change is man–made, and a huge challenge for human civilization. Political efforts for an international agreement to limit climate
change have ... Show more content on Helpwriting.net ...
Air temperatures increased by ~2.5В°C from 1950–2000.T he famed snows of Kilimanjaro have melted more than 80 percent since 1912. Glaciers in
Nepal and India are retreating so fast that researchers believe that most central and eastern Himalayan glaciers could virtually disappear by 2035.
Arctic sea ice has thinned significantly over the past half century, and its extent has declined by about 10 percent in the past 30 years. NASA's
repeated laser altimeter readings show the edges of Greenland's ice sheet
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Carbon Tax : Carbon Taxes Essay
Carbon Tax A carbon tax is a fee on the emissions released from burning fossil fuels. According to carbontax.org, it is an "antidote to rigged corporate
energy pricing". So unlike cap–and–trade, it does not "create complex and easily gamed 'carbon markets' with allowances, trading and offsets". It is
implemented by placing a tax on carbon emissions. So carbon that is within products such as plastics will not be taxed as it does not get burned
and release emissions into the atmosphere. The tax will be placed at the point where the fuel is extracted, imported, supplied, and consumed. As
with all implementations, it will have its benefits and drawbacks. Benefits Having a carbon tax will encourage further research and development of
more efficient alternatives. With the extra cost of using fossil fuels, companies will look into alternative sources like solar and wind for their power
needs. This tax will also be a monetary incentive on a local level to push consumers to look for alternatives. In turn, this lowers emissions, saves them
money, and has a positive impact to the environment. The revenue collected from the tax could be directed to funding for those alternative energy
sources. More funding means more opportunity to develop effective alternative sources, because today, fossil fuels are simply more powerful,
effective, and reliable. Having options to other equally efficient and effective energy is good because depending on different regions; one source may
be more
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Carbon Tax Essay
Ontario should adapt Sweden's Carbon taxes policies and how they use their revenue from taxes to better help promote economic growth High carbon
tax leads for alternatives, green car rebate More usage on biomass http://energy.techno–science.ca/en/energy101/biomass.php https:/
/www.theguardian.com/environment/2008/apr/29/climatechange.carbonemissions http://www.worldbank.org/en/news/feature/2014/09/18
/what–does–carbon–pricing–success–look–like–ask–the–leaders http://blogs.worldbank.org/climatechange
/sweden–decoupling–gdp–growth–co2–emissions–possible https://sweden.se/nature/sweden–tackles–climate–change/ http://arc.hhs.se
/download.aspx?MediumId=824... Show more content on Helpwriting.net ...
Their carbon taxes is one of the highest in the world, but this allows them to have more reduce other taxes to help promote growth. Using the
carbon taxes the government earned, they gave rebates to anyone who buys a "green" car. In Ontario, there is a cap and trade system implemented
by Kathleen Wynne but it is very ineffective in helping the economy grow compared to Sweden growth as an economy due to a carbon tax.
Ontario should adapt Sweden's idea of carbon taxes as it will grow the economy while helping the environment. A wonderful way to promote
business and grow the economy is to have a strong carbon tax. In Ontario, there is a cap and trade system in place to regulate the CO2 emissions
that are being released. The cap and trade system is when every company has a limit on how much CO2 they release into the air. The companies
Every year, the programs shrinks the limit down to help fight against climate change. Companies who exceed the limit of CO2, they have to buy
credits from another company to be under the limit. For companies that are underneath the limit, they can sell off their extra credits. Within four years,
the revenue earned from the program will be $8 billion but only $1.32 billion is going to be used for residential and business electricity bills (Green,
2017). The rest would be spent on government projects. The government is not spending much money back on communities
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The Government 's Carbon Tax Policy
Case Study 1
A. Which theory of regulation can be used to explain the government's carbon tax policy?
Carbon tax is collected from the tax on the carbon content of fuels. It is in the form of carbon pricing. The carbon is present in all the hydrocarbons
(oil coal and natural gas) and is sources of carbon dioxide. It offers a cost–effective means of reducing greenhouse gas emissions. It also will help to
solve the problem of greenhouse gas emissions and the cost of their action.
Economics theory is used for the government of the carbon tax policy. By the increase of expenditures for the use of global skills fossil fuels, a tax on
carbon, the tilt in this regard, the cost of production of goods and services, especially for things such as ... Show more content on Helpwriting.net ...
Reduce real wages, would have the effect of reducing the pollution of the environment of the quantity, that the people who work there, that the whole of
this pool of labor. Investments may also reject, the reduction of the whole economy.
If the climate change without any effort to continue, we can reduce a real economic costs. The effects of climate change will lead to a larger
economic instability in the world. The solution is the reduction in the use of fuels. A form is in the processing of fuels, on the path of renewable
energies. To reduce demand, there are a number of solutions, but the most available is used to increase the cost of the emissions of carbon monoxide
by taxes. However, the increase in the costs to ensure that the changes of any taxes or charges is damaged the economic outlook. To reduce demand,
there are a number of solutions, but the most available is used to increase the cost of the emissions of carbon monoxide by taxes. However, the
increase in the costs to ensure that the changes of any taxes or charges is damaged the economic outlook.
B. Do you think Independent MP Rob Oakeshott has been "capture" by business in rejecting a floor price on carbon?
Yes, I think it was independent MP Rob Oakeshott is "capture" of companies in relation to the rejection of a floor price for carbon. He is against the
government's carbon scheme and want to make sure that the floor price disposed of, because it
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Carbon Tax Essay
Carbon Tax Essay
In February 2011, the Australian federal government declared a scheme to implement a Carbon Tax from July 1, 2012. Implementing this scheme has
generated a controversial debate between Australians. The term "Carbon tax" refers to an environmental tax forcing polluters to pay per ton of carbon
which they release into the atmosphere. This essay will provide the economical, social and political implication of carbon taxes, also with its
introduction who will benefit and who would suffer.
In managing the emissions of GHGs(Green House Gases), carbon taxes will be imposed mid 2012. "Economic theory anticipates that with the
increased costs of emitting GHGs, drives emitters to downsize their activities." Salem Press (2009) ... Show more content on Helpwriting.net ...
Much political discussion has been centred on how the carbon tax will cost jobs and consumers, but there has been little talk of job generation following
the introduction of the policy, and who exactly – apart from the environment – is likely to benefit from it. Some industries will receive a boost from the
new carbon pricing scheme reports Mike Kermode. Kym Quick, Chief Operating Officer for Clarius Group as resource of Kermode says that there
will be a boost from advisors for research and development. There will be increase in demand for professional advice from accounts, lawyers and
other professional advisors by businesses as pursue to incorporate their duties with the tax, decreasing cost and subsidise on the government assistance
in which they provide. New opportunities in IT, manufacturing sector and development will receive a stimulating rise as businesses will be requesting
their service and expertise for a "clean energy future".
Levying carbon taxes would be useless in my opinion. As financial burdens will increase on Australian families and industries. Look at cigarettes for
instance, cigarettes are generally taxed globally at a huge extent than any other product. However, the amount of cigarettes
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Implementing A Transparent And Equitable Tax On Carbon...
Across 800,000 years of data of Earth's atmosphere, carbon dioxide levels at record highs, and being added daily, have already begun disrupting
established climate patterns and damaging ecosystems upon which nearly all living things depend (CTC). Tremendous and rapid reductions of carbon
emissions in the United States, and developed nations around the world, are essential to avoid runaway climate damage and minimize severe weather
events. Inundation of coastal cities and islands, infrastructure destruction, failure of agriculture and water supply, forced migrations, political upheavals,
and international conflict are among the devastating and costly side effects of climate change, many of which have already begun to be seen (CTC).
Enacting a transparent and equitable tax on carbon dioxide emissions is imperative to hand over a sustainable Earth and habitable climate for future
generations. A robust tax on carbon would provide compelling incentives to reduce emissions and pollution through conservation, substitution, and
innovation (Sutter). The carbon tax is also a crucial policy tool for achieving the "Intended Nationally Determined Contributions" (INDC's) to which
the 193 countries that signed the Paris Climate Agreement in December 2015 committed to in effort to preventglobal warming from reaching two
degrees celsius above pre–industrial levels (CTC).
Currently, the prices of gasoline and other fuels, as well as the products that come from them, such as electricity,
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Carbon Tax Essay
The introduction of the carbon tax in Australia.
Recently, the carbon tax issue has been gaining increasing attention in Australia due to its function of reducing greenhouse gas as well as its extensive
economic impacts on a range of industries, such as tourism and hospitality. The conceptual meaning of the carbon tax is "a levy applied to various
operations that generate carbon dioxide" (Covey, 2009, p.329). Such a tax is introduced to achieve a desired national emission target (Covey, 2009).
The introduction of the carbon tax in Australia is derived from the serious environmental issue of climate change. According to The Economist (2011),
Australia's emissions measured on a per capita basis are the largest of any developed ... Show more content on Helpwriting.net ...
Additionally, the CGE model "focuses on traditional economic performance indicators and environmental impacts in terms of emissions from fossil fuel
combustion, most notably CO2" (Amin, 2009, p.334). Therefore, it is helpful to evaluate the effects of environmental policies, such as the carbon tax
within the framework of the CGE model.
In addition to the CGE model, the impact of the carbon tax can also be assessed with Keynesian theory, monetaristic approaches, supply side models,
and dynamic input–output models (Amin, 2009). These macroeconomic models focus on the impact of environmental policy on unemployment,
inflation, disequilibrium in markets, cyclical developments, convergence and stability, long–run growth and forecasting (Amin, 2009).
3.0. The implications of the carbon tax for tourism industry and its consumers.
3.1. Short–term implications.
In the short term, the introduction of the carbon tax will have three main dimensions of implications for tourism industry, which are the inbound
tourism market, small tourism businesses, and influence on consumers in the tourism market. Carbon taxes will unavoidably impact on Australia's
inbound tourism in the short term. This is due to the assumption that if a destination imposes climate change policies such as the carbon tax, which
raise the cost of inbound tourism, tourists will tend to substitute for competitor destinations (Hoque et al.,
2010, p. 45). In addition, as tourism operators
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Climate Change: We Need a Carbon Tax
One of the most compelling and difficult environmental problems society is facing today is climate change. People do not realize how much the
environment has changed for the worse in the last ten years, until they are told that the last two decades of the 20th century have been the hottest in the
last 400 years, according to climate studies (Conserve Energy Future). Today thecarbon dioxide levels have reached 396.81 parts per million (ppm).
"Carbon dioxide (CO2) has also increased over the last 100 years–– from about 300 ppm to 370 ppm. Interestingly, the majority of these additions have
occurred in the last 50 years, when temperature increases have been slowest" (geocraft). There are no known solutions yet to reverse these effects in the
... Show more content on Helpwriting.net ...
Richard Caperton, Director of Clean Energy Investment at the Center for American Progress, believes that having a carbon tax will be a good idea and
it is needed to prove weather disasters and for many reasons. First, he thinks that, "Be sufficiently robust that it leads to meaningful reductions in
greenhouse gas pollution, getting us on a path that helps us avoid the most catastrophic effects of climate change." I think this will be effective, I mean
it might cost companies more but if they refuse and stick to polluting the air, companies will face a tax that in the long run will be far more
expensive. "A carbon tax would increase the cost of fossil fuels, encouraging companies to switch to currently more expensive fuels and leading
households and companies to reduce energy use" (rff.org). Yes, it is definitely not going to be easy, and it is not going to be fixed in a matter of
months. But by slowly changing the ways corporations pollute carbon dioxide into the atmosphere then maybe there can actually be a way to solve
climate change.
Going 'green' as some say, means choosing an alternative source that uses less energy, saving fuel cost. The IRS is actually rewarding business who
invest in alternative sources allowing some business a tax credit of up to 30% of the cost (Weltman). People are the most vulnerable to the impact that
climate change has, "their
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Carbon Tax Benefit Analysis

  • 1. Carbon Tax Benefit Analysis Carbon dioxide is the ultimate driver of global warming because, like other greenhouse gases, it absorbs and traps heat in the atmosphere and, thereby, causes an increase in temperature. Large amounts of CO2 and other greenhouse gas emissions are released into the atmosphere by the burning of fossil fuels, including coal and oil. CO2 causes considerable problems because it remains in the atmosphere for a long period of time, even centuries. Lowering CO2 emissions is key to reducing global warming. To lower the level of CO2 in the atmosphere, a carbon tax should be established and the revenue used to compensate for costs that a carbon tax would impose on people. Pollution caused by carbon dioxide emissions demonstrates a market failure. ... Show more content on Helpwriting.net ... oil dependency since it would decrease oil consumption. The U.S. would grow more reliable on energy efficiency, renewable energy, and sustainable fuels without carbon dioxide emissions. Producers, for instance, would be encouraged to find and use more energy efficient technology. Meanwhile, people would be encouraged to buy more fuel–efficient cars, to form car pools, and to use public transportation (Mankiw, 2015). Consumers generally pursue cost–efficiency because they are rational and respond to incentives. If the cost of products requiring the emission of carbon dioxide increased, people would find less expensive alternatives. For example, when the price of oil rose from the years 2005 to 2008, people responded by using smaller cars and finding alternative ways to get places, including bicycles, scooters, and public transportation (Mankiw 2015). Further, the demand for fuel–efficient aircraft increased, people moved closer to their workplaces, and the demand for oil decreased (Mankiw, 2015). A carbon tax would increase the cost of using fossil fuels, which would increase the cost of producing goods and services, and, therefore, provide an incentive for companies to produce products in a more environmentally–friendly way. The carbon tax, however, would decrease purchasing power and consequently the labor force and ... Get more on HelpWriting.net ...
  • 2. Essay On Carbon Tax Should the U.S federal government adopt a carbon tax to decrease c02 emissions of public and private franchises. Introduction Since the beginning of the industrial revolution machinery and surface temperatures have been on the rise. Some may argue that the increasing temperatures are strictly due to the rise of machinery and less strict efficiency standards. The U.S has been debating what methods are efficient for combating increasing emissions some argue that a carbon tax has many positive impacts some say if one were to be adopted they would need reforms. This paper will dive deep into the the effects of climate of change and whether or not a carbon tax can fully help to decrease these emissions. Environmental effects of climate change ... Show more content on Helpwriting.net ... With this being said the impacts of climate change are current in the status quo the question is what can the U.S and other countries do to limit the level of these impacts. The second biggest impact from climate change being seen today is the melting of the glaciers. This plays a huge role in the environment for three key reasons. First is the change to the e Ecosystem GRUMBINE Discusses the environmental impact of glaciers melting in the Himalayas. Well in grumbine study he discusses how the increase in average temperature by even 1 degree Celsius would have a huge impact on the region. The first thing grumbine discusses is how climate change and melting of glaciers can sometimes be a good thing. In his research paper he discusses how the excessive amount of water in the area has contributed to the large amount of biodiversity in the region. Grumbine later in his study talks about the situation in China where the Melting of glaciers has come to them as a blessing. Grumbine states that 12% of runoff is glacier discharge which provides water 25% of the people in western China during the off season. 2. Economical effects of climate change Along with environmental changes the U.S and other countries have seen major changes to the economy since sea levels have been on the rise and temperatures have ... Get more on HelpWriting.net ...
  • 3. Carbon Tax Persuasive Essay The new carbon tax which was implemented in 2017 will be doing great things for the environment. The government of Alberta website stated that they will be using 6.2 billion dollars to help the environment. Some of the money will be going to wind farms, solar panels, and other environmentally friendly infrastructure. The carbon levy will help ease the change from coal and gas energy to more environmentally friendly energy sources. In addition; the tax will cover 78–90% of Alberta carbon emissions and in a couple of years when the environmentally friendly infrastructure is in place we can expect that number to go up. If everybody was fully educated about all of the benefits of the carbon tax then almost nobody would be against it. But since all Albertans have heard is that it will cost them money they have been against it. Just as the carbon tax may be taking money out of our pockets currently it also will soon bring a dramatic change in our quality of life.... Show more content on Helpwriting.net ... 60% of Albertans will get rebates well only 6% will get partial rebates. For example, a couple with two children will get $338 in 2017. Not only, will the carbon tax rebates refund the tax, but it will add some extra money, so the lower and some middle–class families can have a little bit extra spending money. Likewise, the qualification for a carbon tax rebate is 47,500 for a single and 95,000 for couples and families. However, the government won't look at your tax returns and give you your rebates, you have to prove to them that you qualify for these taxes. The carbon tax rebates are mainly for the middle and lower income families so they have the support they need. Not only, are the carbon tax and rebates good, they have also led to rising oil and gas prices that the lower and middle–income families can't afford making the rebates ... Get more on HelpWriting.net ...
  • 4. Why British Columbia Should Continue Gradually Increase... For the last two decades, the increased use of fossil energy caused the environmental problems. The evidence of global warming, like drying rivers, extinction of species, melting of glaciers, became more often around the planet. The climate change became a threat to healthy environment and prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia introduced carbon tax on greenhouse gas (GHG) emissions to reduce global warming. Starting from $10 per tonne of CO2, the price was increasing annually till it reached $30 per tonne in 2012. During that period British Columbia was reducing harmful emissions and improving economy comparing to the rest of Canada. However, since the price rise on carbon stopped in 2012, no improving changes in cutting emissions, economy, and overall quality of life have been noticed. In this essay I will persuade that British Columbia should continue gradually increase price on carbon tax to the level where it will significantly cut the use of dirty energy, provide enough investments into the green projects, and support low–income families. The main purpose of the carbon tax is reducing greenhouse gas emissions, which contribute to climate change. It would be unreasonable to ignore this environmental problem, because British Columbia is located in the region which is highly affected by the climate change impacts like flooding and wildfires. Therefore, B.C. government ... Get more on HelpWriting.net ...
  • 5. The Pros And Cons Of Implementing Carbon Tax Lately, there has been a great deal of discussion about the possibility of implementing a carbon dioxide tax. From the religious and political opinion of John Locke, it is predicted that John would agree to the carbon tax. This is because first John was interested in Christian doctrine so John believed in the word of god and in the bible it states '' You shall not pollute the land in which you live, for blood pollutes the land, and no atonement can be made for the land for the blood that is shed in it, except by the blood of the one who shed it. You shall not defile the land in which you live, in the midst of which I dwell, for I the Lord dwell in the midst of the people of Israel" Numbers 35: 33–34. So anyway that we can reduce greenhouse ... Get more on HelpWriting.net ...
  • 6. A Summary On The Executive Summary Executive summary Name Course Institution Tutor Date Introduction The executive summary has the purpose of putting all the documents together while polishing the ideas to be discussed in the document wholly. The executive summary from any document also gives a brief summary and questions how specific numbers in the whole research document are derived. It also gives a brief overview of the whole research in question while giving the histories of the research in question. It is usually the first thing in a report after the content page is written in a report. In the executive summary too, the recommendations and conclusions are usually given which enables the reader to gain a full understanding of what the report is all about without having to skip all through the whole thing. Background The climatic changes which are considered globally have catered a lot in redefining policies. Most of the human activities usually produce a lot greenhouse gases, which include the carbon (IV) oxide. These gases usually accumulate in the atmosphere, creating an ozone layer which has a great impact on the climatic conditions of the earth. The size of those changes and damages in the atmosphere has remained very uncertain, but the estimate of the problems which are caused is very high. Re4ducing the green house effects is beneficial in the limitations on the degree of the damages which are caused by those gases in the atmosphere. Although it has benefits, it has costs which ... Get more on HelpWriting.net ...
  • 7. Carbon Tax in Australia Carbon tax in Australia 1. Introduction The society of the modern day and age is characterized by a wide array of elements, such as unprecedented levels of technologic development, ongoing fights for human rights and societal development, but also high levels of environmental threat. The global warming phenomenon has, for decades, been assessed with importance and reticence alike. While some would argue the severity of the raising global temperatures, others would attest that global warming was a make belief phenomenon. Today however, as science has proven the existence of the phenomenon, more measures have to be taken to ensure environmental stability. One means to increasing environmental stability is represented by the reduction of the carbon print. In other words, emphasis is placed on the reduction of the carbon consumed with the scope of decreasing the negative environmental impact onto the environment. Within Australia, this endeavor has been approached at multiple levels, one notable effort being represented by the creation and implementation of a carbon tax. At this level then, the focus falls on the assessment of the tax and its short and long term impacts on the tourism and hospitality industry. 2. Carbon tax introduction The first talks about the introduction of a carbon tax in Australia commenced years ago, but it was not until 2012 that the tax was actually implemented. The introduction of the tax in the country was explained by the fact ... Get more on HelpWriting.net ...
  • 8. Remi Carbon Tax Introduction We have all heard statistics over how unmitigated global warming can lead to rising sea levels, increased temperatures, lower rates of precipitation. The Congressional Budget Office recently found that climate change, if unmitigated, would create costly damage not only to the United States's economy, but also to the world as a whole (source). Despite a scientific and general consensus that climate change is real and a problem, actual committed action against climate change has been disappointingly slow, until recently. We also know the cause of climate change. The United States EPA finds that "Carbon dioxide accounts for most of the nation's emissions and most of the increase since 1990" (EPA). What we don't know is a solution. ... Show more content on Helpwriting.net ... Carbon leakage can be best described as offshoring of carbon emissions. The fear is that if countries like the United States enact carbon taxes, companies would simply relocate to foreign nations without carbon taxes to polluting the same amount as before. The truth, as usual isn't so simple. First of all, in countries that have implemented carbon taxes, there have been no large scale carbon leakages. The Ecofiscal Commission, a Canadian based think tank, found that a majority of Canadian businesses would we able to weather a carbon tax and remain within the country (Bakx). Ecofiscal elaborates on this, saying that Canadian "economy consists of the service sector, things like financial services, and adding a carbon tax wouldn't make much of a difference". Secondly, the impact of carbon leakage would be almost nonexistent if all countries, including the United States, enacted regulations to reduce carbon emissions as well (CBO). That would be the current status quo assuming that the Paris Climate Deal is faithfully enacted. Finally, even in a worst case scenario, the impact of carbon leakage is overstated. Analysts have cast a wide net when predicting the impact of carbon leakage, but the general scientific consensus is that carbon leakage wouldn't be nearly as aggressive as many people fear. The Congressional Budget Office finds that "in the absence of a ... Get more on HelpWriting.net ...
  • 9. Carbon Tax Persuasive Memo Dear Representative Judy Clibborn of the 41st Legislative District, Climate change is real, and it's happening. As a concerned citizen of Washington and the world, I want to advocate Initiative 732. This is an initiative that would help Washington–– and later the entire nation –– take steps towards cleaning up our environment and creating a safe and livable future for our next generations. Over 360,000 people have already signed in favor for I–732, showing that they agree with creating a carbon tax that would charge polluters $25 for every metric ton of CO2 they emit. However, this tax is revenue neutral––meaning the revenue produced will be returned back to residents through various tax cuts. This would cause a minimal impact on the economy, but still encourage people to transition into ... Show more content on Helpwriting.net ... However, according to the Washington Department of Ecology, the "potential costs to Washington fromclimate change impacts are projected to reach nearly $10 billion per year by 2020 and $16 billion per year by 2040". Yes, a carbon tax could potentially put pressure on businesses that heavily rely on fossil fuels, but I–732 also has precautions to these. Not only do they propose introducing the tax, but they also want to lower our sales tax by 1%. This way, it would encourage people to spend money on more sustainable products. Although there isn't a lot of cases of countries with carbon taxes yet, one success story comes from Ireland. According to the Carbon Tax Center, Ireland was one of the highest producers of greenhouse gases in Europe, with levels close to that of the United States. However, after implementing the tax that charged about $23 per ton of CO2 in 2010, emissions dropped more than 15%. Yet their economy didn't fall along with the CO2 levels–it grew instead. I think that Ireland is a great example of the potential carbon taxes can have, and that we should factor in their case when deciding on ... Get more on HelpWriting.net ...
  • 10. The Cost Of A Carbon Tax Or Cap And Trade System Another implication with the imposition of a carbon tax or cap and trade system is that depending on the industry specialization of the country, it can result in primarily hurting the industries that are key actors in the local economy. Hence, at times, it is difficult for industries to promote clean energy at a reasonable time to internalize the extra cost imposed on them through a carbon tax policy. For instance, the Conservative government in Canada had opposed carbon pricing, arguing that it would hurt economic growth, especially in the oil sector. In addition, they argued that a carbon pricing policy would not achieve its intended goals because other countries are not willing to impose the same standard on their industries, resulting ... Show more content on Helpwriting.net ... British Columbia's Carbon Tax Policy The paper has thus fur discussed the implications of carbon pricing and its effects. Hence this section of the paper will take British Columbia's carbon tax policy as a case study to understand the effects of a carbon tax on society as a whole and or the targeted industries. Since 2008, British Columbia has imposed a carbon tax, the first jurisdiction in North America to do so. The carbon tax system in British Columbia is designed as a revenue neutral, meaning every dollar generated by the tax is returned to British Columbians through reductions in other taxes. As a policy direction, the British Columbian provincial government has implemented income taxes cuts to compensate consumers who had to pay higher prices for gas and other services that are under subject to the carbon tax legislation. One of the implication of a carbon price system is that is that its impact will be dependent on the design of the policy. Besides, the role of the industries in the economy that will be subject to the policy will have tremendous effect. Moreover, the role of trade and whether or not international firms will be subject to the same degree as local or national firms under the carbon pricing policy will make a difference on the impact level of a carbon pricing. In the case of British Columbia's carbon tax, foreign actors were are not subject to the carbon tax policy since the tax is ... Get more on HelpWriting.net ...
  • 11. Cap And Trade Vs Carbon Tax Essay 1.This is the third class I have taken where we have discussed cap & trade vs. carbon tax. I believe both systems have their merits and utilizing either one would positively affect climate change and the economy. I believe carbon taxes are the better of the two options because it is simple and immediately causes companies and individuals of ways to reduce fuel and energy consumption. Simply put the less fossil fuel used the less the tax affects the company or individual. Secondly money collected in taxes should be based right back to the businesses and individuals in the form of tax breaks and rebates. This will spark growth in the economy. Cap and Trade on the other hand set a predictablecarbon dioxide levels and rewards companies for being beneath those limits by allowing them to sell their their unused allotment of carbon credits. Companies that have been able to meet their required levels can in turn by these extra allotments and in turn by themselves more time to develop new ways to reach the predetermined goal. This later system spars free trade and will have the overall affect of reducing carbon emissions however I believe it creates less of an initiative for bigger more lucrative companies to reduce carbon emissions and just gives them a way to buy themselves a way to continue to pollute above acceptable standards. 2. ... Show more content on Helpwriting.net ... I find Jeffrey Sachs points most compelling in the fact that a carbon tax covers the entire economy and reaches units impossible by cap and trade. I also agree with him that a cap and trade market can be manipulated. Lastly, I also like the fact that a clear revenue is collected with a tax system. I do not disagree with any of the points offered by the experts I just personally lean more toward the carbon tax ... Get more on HelpWriting.net ...
  • 12. A Brief Look at Climate Change Climate change continues to be one of the biggest issues in the world today, both politically and economically because it aggravates average increases in the global temperature and contributes to rising seawater levels around the world, posing serious threats to human life. A required immediate response from the government to rectify the climate change problem includes penalizing emissions of greenhouse gases (GHGs). Hence a carbon tax should be aimed at: lowering GHGs emissions by penalizing polluters, motivate people to shift towards renewable sources of energy and foster social welfare by minimizing externalities and environmental damage that would contrarily occur in business–as–usual approach (Spash & Lo, 2012). Currently, the market price of goods and services produced within our economy fails to account for social and environmental damage (climate change) caused by the polluting firms. This indicates towards a market failure (negative externalities) because our forthcoming generations will suffer the most from repercussions of climate change. Implementation of a carbon tax will help rectify this market failure by incorporating the monetary value of social damage in the polluters' decision (Spash & Lo, 2012). Carbon tax can also be called a Pigouvian tax because it helps correct the underpricing of current household goods and services by including their social cost. Majority of environmentalists and economists recognize the repercussions of massive GHGs emissions and ... Get more on HelpWriting.net ...
  • 13. Macroeconomic Impact Of The Carbon Tax This paper examined the macroeconomic impact in the case of the carbon tax. In order to quantify its impact, this study divides key economic agents (firms and consumers) and analyzes their economic activities. I find that firms and consumers will respond to the carbon tax ($40/ton) by decreasing their economic activities at 2% and 0.7% respectively. As a result, a decrease in GDP is expected due to decreased production and consumption. To avoid this, tax dividends should be allocated to consumers non–uniformly depending on the income level and renewable energy subsidy should be invested to firms to maintain their production level. Introduction A great deal of scientific evidence has supported the importance of environmental policy to... Show more content on Helpwriting.net ... As a result, GDP will be negatively affected by the effects of reduced production activities of firms and lowered disposable income level of consumers. Therefore, in order to minimize the negative impact on the economy, policy should be carefully designed to compensate household proportionally to the extent of impacts due to the carbon tax. And, it needs to have alternative incentives for firms to sustain their production level through subsidizing renewable industries. In order to show this result, this study takes steps to explain each of following policy questions: 1) How and which would consumers be affected, 2) How would tax payers (firms) react in the response of carbon tax, and 3) What could the overall impact on the economy be. General idea: Structure of carbon tax policy and Comparison with CPP The major difference between CPP and this proposal is that CPP is a quantity–based emission regulation while allowing market trade, whereas the proposal is a tax–based regulation. Due to the different nature of each mechanism, there are obvious trade–offs between both policies. First, cap and trade can achieve reduction goal with more certainty by setting a clear goal for emission reductions. But cap and trade method needs higher administration cost to monitor and regulate firms on a regular basis. Whereas, a carbon tax is simple to apply by setting a certain rate of tax and no further ... Get more on HelpWriting.net ...
  • 14. Imposition of a Carbon Tax in China Answer 2 Part 1: Summarize: Now a days, there is a war of economic war in which every country played their economic part to want to be a leader or powerful, in this situation many industries is established and several advancements are held, but no one realized the result of world–wide pollution that affects the natural environment of the world. In Australia, the debate is that the most of the economist or tax experts want the carbon tax to all the industries so that those industries who doesn't care the environment move to those countries where such taxes are not imposed (such as China). China has a very strong economic power in the world, but china encouraged the entire industrialist to establish their industries in their country. Most of the people consider that after imposition of carbon tax, there is no affect on the world–wide pollution, but in china both factors are involved is that the Chinese consumer want the goods that producer produce for them or they want the clean air environment after sacrificing the product, in this situation the behavior of consumer is based on the budget that either their budget allows them to scarifies those product with comparison of clean air. So, the Chinese people are indifference in this situation where they want one product with no clean air or clean air with any products. Also by the relocation of industries to china, they also affect the income of the Chinese people so there preferences belong to those two products. Chinese ... Get more on HelpWriting.net ...
  • 15. Essay On Carbon Tax The year 2016 was the warmest year on average in NASA's 136 year record. One main reason this occurred is the increase in greenhouse gases. To reduce the amount of greenhouse gases in the air, the Canadian government has decided to implement a carbon tax as of 2018. (Canadian Press, 2017). A carbon tax is a "legal binding associated with harmful emissions charge." (Maclean's, 2016). Several provinces have already introduced a carbon tax, including British Columbia, Alberta, and Quebec. While British Columbia and Alberta have a carbon tax, Quebec uses a cap–and–trade system instead. The government believes it is important to avoid "economic damage caused by cross–country carbon price differentials." (Maclean's, 2016). That is why they are... Show more content on Helpwriting.net ... Her point is important to note because she emphasizes that although in some cases there are alternatives to fossil fuels, there are often many limits to their use as often the technology is still in the early stages of development. The president of Saskatchewan Heavy Construction Association, Shantel Lipp, has similar concerns. In a recent interview, she also made it known that many industries do not have access to any alternative fuel sources. She goes on to say that the Saskatchewan Heavy Construction Association's machines, as well as their crushing and asphalt plants, are running solely off diesel and propane powers most of the associated workers camps. (Canadian Press, 2017). There are no reasonable alternative fuel sources available for them to replace either diesel or propane as their fuel sources. Because of this fact, implementing a carbon tax will not have the desired effect of reducing the amount of carbon emissions. The only result will be an increase in the cost of doing business. Michael Fox said that we do need to create alternatives to fossil fuels. But until then, he added, we need to use fossil fuels to build our economy until we can afford to develop efficient alternatives. (Fox, 2015). A carbon tax is a tax directed at fossil fuels and until we have easy access to efficient alternatives, consumers will pay the price. Second, Canada ... Get more on HelpWriting.net ...
  • 16. Carbon Tax Controversy since the industrial revolution business has operated in an environment where it did not bear the full cost of production because of its capacity to externalize some of its costs through the pollution of air and water" (p. 398). He further explains that even without a comprehensive measurement of the cost, climate change has imposed significant costs arising from pollution on society. As indicated in Figure 1, externalities are primarily as a result of the effect of carbon producing waste on the environment, where output and waste surge creating a negative effect on the environment. As consumption increases, output and waste increase resulting in amplified externalities to the society, for example, health risks associated with air pollution. A carbon tax would incentivize consumption and allow for an aggregate decrease in waste (carbon dioxide emission) output. Morris and Mathur (2014) suggest that if the carbon tax is priced in an optimal way it would allow for changes in behavior, output and waste, constructing a social optimal model, therefore positively affecting climate change. Table 1. Externalities Related to Climate Change ** Q = OutputP = Production In addressing climate change from the market failure perspective, it is ... Show more content on Helpwriting.net ... Scholars and policymakers have highlighted several drawbacks associated with the carbon tax in that it is not a long–term revenue source. Because a large enough tax will theoretically change behavior and decrease the use of carbon products long–term, revenue would decrease. Therefore, revenue recycling makes an economy unattractive to investors. Also, at the implementation stage, it is expected to be costly for the local governments and businesses to implement the carbon tax and the reallocation of resources after implementation. The carbon tax would also increase cost of production creating domestic and international ... Get more on HelpWriting.net ...
  • 17. Essay On Carbon Tax The commentary examines the imposition of carbon taxes in Singapore. A carbon tax is a specific tax placed on fossil fuels per unit of carbon emissions. This tax acts as an incentive for producers encouraging polluting firms to reduce their carbon emissions and switch to less carbon emitting energy resources and/or technologies from 2019 onwards. Greenhouse gas (GHG) emissions are a negative production externality; an externality that is created by the producer. This is a form of market failure as the market is unable to allocate factors of production efficiently. The over production of carbon emissions has dire effects on the environment as well as all of those within the global market. Figure 1 demonstrates the emission of carbon tax ... Show more content on Helpwriting.net ... The imposition of this carbon tax would affect all stakeholders within this economy. Producers reap the largest burden, calculated by Pm– Pp x Qt shown (pink region) as this tax in Singapore is implemented on emitting firms. Consumers also are affected by the imposition, calculated by Popt – Pm x Qt (blue region). This is a result of producers translating production costs to consumers. Government as well see the imposition of the carbon pricing as a benefit. The total shaded area represents the government revenue received by the tax that is paid by producers and consumers within the Singaporean market. In the diagram, S=MPC shifts leftwards due to increased production costs towards MSC. Equilibrium after the imposition of the tax is at Qopt, Popt lying at the social optimum at which the market assumes the principle that the larger the amount of Co2 emissions emitted, the larger the proportion of carbon tax the emitting firm has to pay. The foremost important benefit of the implementation is to decrease the occurrence of climate change. The Singaporean carbon tax will overall limit the output of carbon emissions with the added benefit of being imposed quickly. Further, it encourages industries to use renewable energy sources in production or restrict the use of oil consequently, placing increasing importance on renewable energy alternatives, acting as an incentive. On the other hand, the imposition of this tax ... Get more on HelpWriting.net ...
  • 18. Persuasive Essay On Carbon Tax Carbon Tax it is! The world is changing, well the environment is. For many years mankind has been finding ways to make Earth easier and liveable,therefore, we have been cutting down various trees, building houses and industries to make Earth more adaptable for humankind.These mass productions are polluting our environment due to the fact that carbon dioxide is being released to the atmosphere. The amount of carbon dioxide in the atmosphere has had a very distructive consequence,Global warming.Global warming started around the 1880's around 40 years after the Industrial Revolution in America.As a consequence of global warming the climate change on the Earth has had lethal impacts.Humankind has came up with ways to help control the amount of ... Show more content on Helpwriting.net ... Where how carbon tax these companies are charged directly for the carbon they are releasing the carbon tax is more heavily affective to the companies because they are not able to buy more permits off the smaller companies that did not use theirs.In my opionion the lost money from the free money to little companies can be used in organizations for renewable energy resources.In the comparasing chart in greenhouse tax versus greenhouse cap and trade the one and only section that carbon tax didnt win cause by uncertainsy I believe that carbon tax should of won just cause cap and trade were unclear if it will reduce becuase they would need the CPRS to aprove on the other hand on the section of carbon tax an option is provided that will make the system function all it would require is to review the economy ... Get more on HelpWriting.net ...
  • 19. Development of Cleaner Carbon Technologies Private agreements are essential for the disruption of private interest groups domestically. They provide collaboration, direct access to foreign markets and the right economic incentive. In October 2013 Duke Energy and ENN group proposed a private agreement to invest in renewable energy by developing solar farms within China. They have agreed to join together instead of competing, there is evidence international cooperation is increasing competitively. Other groups have proposed the exchange of carbon capture and storage information with the knowledge of safe and efficient nuclear plant management. This information being a national security issue has to be approved by the US government it provides leverage to isolate and disrupt domestic interest groups. Internationally, the United States can provide channels to broker thee agreements. More directly the U.S should attempt to collaborate directly with china in the development of cleaner carbon technologies. The best area for collaboration is the building of a carbon capture and storage system. On a smaller scale models this technology has managed to capture up to 90% of carbon dioxide emissions from coal powered plants. The CO2 is collected, transported and buried in used oil fields. The CCS project has not been demonstrated on full power plants due to its immense cost. Although it can be argued that this only defers the pollution problem, due to the immense cost of alternative energies it is a reasonable compromise. The ... Get more on HelpWriting.net ...
  • 20. Carbon Tax In 1979, the first World Conference on Climate was held, which included many scientists that warned about the affects human activity has on climate change (DiMento 35). Climate change is not only affecting human health but the earth as well, for example; scientists now predict the Artic sea may be ice–free in the summer between 2030 and 2050, which is decades earlier than predicted (DiMento 46). Greenhouse gases are warming the earth which the earth's temperature is rising thus causing not only ice and snow to melt faster, but sever heat waves as well. Other issues with climate change include, drought, as well as more snow and rain hitting certain areas of North American than normal. To be able to stop climate change, there needs to be changes made to the way people live and use fossil fuels. The best place to start a change in the U.S. would be to adopt a carbon tax. A carbon tax is a pollution tax or a fee for the production, distribution or use of fossil fuels. The United States should adopt a carbon tax because it would improve the economy, encourage to use alternative fuels, and reduce the production of carbon dioxide. Improving the ... Show more content on Helpwriting.net ... The poor and middle class will not be harmed with a carbon tax because of profits congress could use it to lessen the regressive effects of the carbon tax. "An income tax break of $119, $112, $105, and $76 to individuals ... would balance the burden to about 1 percent of net annual income for each group, ... or the revenue could alleviate the burden of other regressive taxes, such as the payroll tax" (Belsie 1). As well as mentioned before this gives many families to try new cleaner energies like solar panels and smart cars. It is understandable that a new tax can be frightening and nobody likes change, however a carbon tax will not only benefit Americans health, the earth, but their wallet as ... Get more on HelpWriting.net ...
  • 21. The Carbon Tax Policy Of British Columbia Climate change has been an increasing concern in today's world and has proven to be detrimental in the coming years. With the increasing human population, the consumption of fossil fuels has been in high demand and this poses a threat in the future. After several years of political and cultural pressure to take a stand on climate change and in order to control the regulation of carbon dioxide emissions into the atmosphere, British Columbia implemented the carbon tax on July 1, 2008 (Murray and Rivers, page 3). This tax was the first to be imposed in North America and was revenue–neutral (Murray and Rivers, page 3). Due to its myriad of benefits, the carbon tax was favored by many and did has not disappointed; not only have greenhouse gas emissions dropped, but business have grown tremendously, and other energy sectors are flourishing. While counter arguments may highlight the negative effects of the taxation policy, rebuttals often overlook the long–term advantages. In this paper, I will prove that the carbon tax policy in British Columbia has had several beneficial outcomes such as the reduction of greenhouse gases and economic growth. I will then raise an opposition to my thesis by arguing that the short–term economic effects will be damaging to the lower–income classes. However, I will show that this objection is not as valid because the long–term benefits, both economically and environmentally will ultimately prove integral in the alleviating future climate change. The ... Get more on HelpWriting.net ...
  • 22. Carbon Tax In Canada Issue The Government of Saskatchewan has agreed to implement a carbon tax consistent with the federal carbon tax plan. The carbon tax is a big win. It is a new source of revenue for the government. It is important to how the $2.5 billion should be allocated in efficiency and equity. Background A tax on greenhouse gases, often called a carbon tax. Carbon taxes are a promising way to reduce greenhouse gas emission from a variety sources. The predominant greenhouse gas is carbon dioxide, which results from burning fossil fuels produced by human. A carbon levy is charged on all fuels that emit greenhouse gas. These include heating fuels and transportation such as propane, gasoline, diesel and natural gas. The levy does not apply to electricity, but the carbon tax would be passed forward into the price of electricity. A recent survey showed that "the top US economists found near unanimity on the optimality of a carbon tax as an instrument for reducing greenhouse gas emissions." In other word, pricing carbon is one of the most sensible policy prescriptions to reduced greenhouse gas emissions. The rate of carbon tax is based on the amount of carbon pollution released by the fuel when it is combusted. Therefore, the public service, industries and individual are as far ... Show more content on Helpwriting.net ... In Chinese proverb, "It coming from its people, should absolutely benefit the people." It means although with a high ratepayer taxes, the government is able to use the taxes on the people. The rest of carbon revenue should spend on investment. Farms have plenty of sunlight for solar and biomass for burning. Diesel engines can be made to run off of plant oils. It is efficiency to replacing coal with clean energy for reduce the greenhouse gas emission. It could build wind turbines replace coal. It is more safely and reliably use the intermittent flow of electricity that comes form wind turbines. It will reward from invested new technology, even have high cost ... Get more on HelpWriting.net ...
  • 23. British Columbia’s Carbon Tax and its Impact on Greenhouse... In June of 2008, British Columbia became the first and only Canadian province to introduce a carbon tax, and has been praised and scone by environmentalists, economists, and politicians alike, arguing whether the tax is efficient or destructive method of controlling greenhouse gas emissions. The liberal premier Gordon Campbell introduced the carbon tax; its main purpose would be to enforce a carbon tax to increase the price of consumption of fossil fuels within the province, the philosophy behind the tax was to make taxes higher on the deemed environmentally detrimental purchases and lessen the tax on the others. The carbon tax promised to achieve this in a carbon neutral way, which meant that the revenue received from the tax would be ... Show more content on Helpwriting.net ... Stewart Elgie, a University of Ottawa law and economics professor and chair of the green economy think–tank Sustainable Prosperity suggests that British Columbia's per–capita fuel usage had fallen more than 4 per cent compared with the rest of Canada and its economy (Ebner, McCarthy, 2011) Evidently it is reducing the amount of green house gasses emitted by fossil fuel use. However this is not the concern many had with the introduction of the tax, but the concerns were focused upon the externalities caused by this and the effects it would have on the economy. Three years since the carbon tax introduction and the Provincial level of GDP has remained approximately the same, (Greenery in Canada: We have a winner) With the provincial level of GDP remaining around the same, this suggests that at the very worst the carbon tax has had no negative effects to the provincial economy. Furthermore the tax also promised to remain carbon neutral and promised to cut corporate and private income tax. British Columbia has become the province with the lowest income tax regime and the lowest corporate tax regime (Greenery in Canada: We have a winner). Although the carbon tax is being praised by many, it still faces concerns as many still argue the ineffectiveness of the tax and what that means for the province. One major objection many economists have to the question of carbon tax effectiveness is whether the taxes on carbon are high enough to create any change in ... Get more on HelpWriting.net ...
  • 24. The Balance Between Ecological Sustainability And Economic... Policy decisions in the context of climate change are uniquely tenuous. The impending magnitude of a potentially inhabitable planet combined with political inexpediency creates a status quo where big decisions must be made with relatively few case studies to draw upon. It is therefore imperative that we question what the best method is for mitigating private sector emissions. There are multiple factors at play that fundamentally implicate how this question should be answered. The balance between ecological sustainability and economic progress must be addressed when understanding whether a policy will remain feasible. Solvency for this solution must reach a global scale, due to the amount of carbon emissions that must be reduced by foreign nations. This means the best policy would likely have a mechanism to facilitate international cooperation. Lastly the magnitude of the situation calls for economic overhauls in times too short to be feasible under normal circumstances. The ability to scale up to accelerate a transition will also be considered. The purpose of this paper is to analyze existing and proposed methods to mitigate private sector emissions by the United States federal government. This paper reflect upon the costs and benefits of using a command and control method of mitigation against using a method of carbon pricing. The most important point of analysis in regards to command and control is the Clean Power Plan of 2015, currently under a stay by the United States ... Get more on HelpWriting.net ...
  • 25. What Makes A Carbon Tax? Another political barrier is encouraging investment in clean energy. It is widely agreed that implementing a carbon tax would encourage investors to work towards cleaner fuels, nevertheless, the U.S. remains widely against additional taxes. Finally, the last obstacle is technological. With renewable energy and green technology being new, there are certain barriers that are holding back green technology from being beyond the current level of production (New York Times, Arthur Ochs). Energy means nothing if there remains no long term way to store it, "Energy is most useful to us when it is concentrated, transportable and storable" (Powering Planets, 41). So a larger capacity and longer lasting battery would be greatly beneficial to green technology as well as the outside that market due to the spillover effects. With the high initial costs, it is easy to identify why the United States continues to be hesitant to develop and implement green technology. There are also several other worries including unforeseeable collapses; Eventually "all good bubbles burst." Though there remains a lot to accomplish with green technology, it transpires as a fast–growing and aggressive market. One of the biggest issues that green companies face is "finding enough customers to support the costly infrastructure that they must build first." This type of issue is strange considering support for renewable energy has never been stronger. An example of this would be SunEdison, a renewable energy ... Get more on HelpWriting.net ...
  • 26. There Has Been Confusion About What A Carbon Tax Is And There has been confusion about what a carbon tax is and does; perhaps the word 'tax' is to blame. Unlike most taxes it's not aimed at raising revenue but at changing behaviour, to make it more likely that Australia will meet its targets for reducing greenhouse gas emissions. Australia has more reason to do this than most other countries. We are the biggest per capita emitter ofcarbon dioxide among developed nations, and the world's 10thbiggest emitter overall, despite our small population. In 2009 we emitted 19.64 tonnes per person, compared with the world average of 4.49 tonnes or China's 5.83 tonnes. We have already experienced the effects of more extreme weather – from droughts and bushfires to floods, and as a coastal nation we ... Show more content on Helpwriting.net ... It will set up the economy for deeper cuts down the track, and can be easily boosted if global action increases. Just as for individuals, the cost for most businesses will be quite light, cushioned by compensation packages aimed at easing the initial pain. So it's a gradual start, with a fixed carbon price from July 2012, then from July 2015 there'll be a market – an emissions trading scheme with a floor and a ceiling price for carbon. This hybrid approach is a way of achieving long–term stability of the carbon price, encouraging investment in new technologies. This gradual start (due to industry and political opposition) means that the biggest short term impact should come through ambitious spending programs driven by revenue from the tax. A $2 billion a year Clean Energy Finance Corporation, run by an independent board of energy and investment experts, should kick–start investment in large scale clean technologies, and in improving our substandard industry energy efficiency and 'clean' goods manufacturing. Some revenue will be spent buying out and shutting down about 2000 megawatts of the dirtiest coal power, including Hazelwood or Yallourn power stations in the Latrobe Valley. A Climate Change Authority, run by former Reserve Bank chairman Bernie Fraser, will make annual recommendations on Australia's greenhouse targets, based on assessment of what is happening ... Get more on HelpWriting.net ...
  • 27. Carbon Tax In Australia In 2010, Australia produced around 20 tonnes of carbon dioxide per person, more per capita than the United States and almost any other country, in large part because of the quantities of cheap coal available for electricity. In 2012, Australia enacted a tax on carbon emissions, starting at AU$23 per tonne and moving up to AU$25 per tonne in 2013. Two years after it was implemented, and before it developed into the next planned stage of an emissions trading program, Tony Abbott was elected and the senate voted to repeal it. I believe that a carbon tax like the one in Australia is an effective policy, but it must have the support of the people in order to reach its full potential for aiding in climate change–stopping or whatever. This essay... Show more content on Helpwriting.net ... After Gillard lost her office in June 2013, she wrote: "I erred by not contesting the label 'tax' for the fixed price period of the emissions trading scheme I introduced." The public saw this move as a broken promise, regardless of the good it might do for the environment. Additionally, there was a lot of bad press from opposing politicians and other public figures about the carbon tax. Tony Abbott called it "an octopus embracing the whole of our economy" and promised to "tax the ax" as well as making more trivial remarks about how a leg of lamb would cost $100 under the tax. In fact, the price of lamb went down, and the carbon tax never applied to agriculture, but Abbott knew that opposing the carbon tax would gain him a lot of favor with angry former supporters of Gillian who disapproved of the tax. He took full advantage of this when he said things like "As many of us know, women are particularly focused on the household budget and the repeal of the carbon tax means a $550 a year benefit for the average family." This turned out to be a false (and sexist) claim, but that sort of talk won him the 2013 election by a landslide in a campaign based almost solely on repealing the carbon tax. . But people like their money. Voters feel little responsibility for a problem so widespread as climate change, especially when they can see the much more personal effect of their rising power bills. Electricity prices did rise during the time ... Get more on HelpWriting.net ...
  • 28. Should The United States Adopt A Carbon Tax? Essay Justine Ramos Should the United States adopt a carbon tax to combat global warming? INTRODUCTION Tremendous amounts of carbon dioxide are released into the atmosphere every day and the consequence is the destabilization of Earth's climate and damage to existing and endangered ecosystems. In order to avoid these ramifications, carbon emissions must be reduced. Industrial nations like the United States rely heavily on the burning of billions of tons of fossil fuels, such as coal, oil and natural gas, as their primary source of energy generation. Unfortunately, this has led to the United States being one of the top leaders in carbon emissions in the world along with India and China (Woodard, 2007, pg. 27). A proposed solution that has already been implemented in several nations is the carbon tax (CO2 tax), which puts a price on and taxes the carbon dioxide emitted from the burning of fossil fuels and makes polluters pay the price for the emission of their negative externalities into the environment. As fuel follows through with the combustion process, carbon dioxide is released into the atmosphere where it remains. The carbon dioxide traps the heat in the Earth's atmosphere leading to a rise in global warming and climate change (Carbon Tax Center, 2016a, What's a Carbon Tax section, para. 2). A carbon tax can quickly and easily be implemented by the United States federal government and has the potential to conserve the environment by reducing carbon emissions, ... Get more on HelpWriting.net ...
  • 29. Social Cost Of Carbon Tax Analysis The central question related to the carbon tax is how should the tax rate be designed, and one most straightforward approach is to set the price of emission per ton equals to the social cost of carbon per ton, which represents the social incremental damage of emissions. Such a Pigovian tax is ideally an economically efficient way as it would lead to the socially optimal level of emissions where marginal benefits of emission equal to the marginal costs (Kaplow, 2012 as cited in Metcalf, 2017). However, estimating the social cost of carbon is complicated because the cost represents the present value of expected environmental damages caused by one additional unit of emissions today, while the damages persist far in the future. To accurately measure... Show more content on Helpwriting.net ... Major bills include Cut Carbon Act of 2009, Save Our Climate Act of 2009/2011, Climate Protection Act of 2013, American Opportunity Carbon Fee Act of 2017/2018 (C2ES, 2013; Congress). All of these acts try to impose a carbon tax to reduce emissions of carbon dioxide, and almost all of them have specified all taxable carbon substance sold by the manufacturer, producer, or importer of the substances as the coverage of the tax. Most of them have specified emission targets as to reduce the U.S. carbon dioxide emissions 80% below levels of some given year by 2050, with different starting tax rates ranging from $10 to $20 per ton of CO2 and different annual increasing rates. Some acts suggest the Treasury as the regulatory authority, and some suggest the Environmental Protection Agency. Even though carbon tax is a topic that has been consistently brought up, none of the acts were passed and enacted. There are also attempts to apply a carbon tax at the state level, nevertheless, no US states currently have authorized ... Get more on HelpWriting.net ...
  • 30. Puffle Party Research Paper Hey guys, how are you all doing? We are representing the Puffle Party of Canada. As a new party, we have a fresh view on Canada's biggest issue. Our party's platform on the important issue is pro–harper. Trudeau's hair is definitely great. Haha, our old PM had some issues with new PM's hair. Anyways, we really do think that our party's views will provide a better alternative to Canada's current government, because our views reflect the priorities of the people, and our plan is built around Canada's current issues. Economy One of the big problems Canada has had recently is the recession. To reduce the effects of this catastrophe, we plan to give benefits to those most affected: the middle class. We will invest in jobs for those who lost theirs during the recession and provide benefits to... Show more content on Helpwriting.net ... We plan to implement a taxing system on carbon emissions that we call "Cap–and–Tax" and increase the gas tax to encourage responsible use of gas. The "Cap–and–Tax" program will be a mixture of carbon taxing and a cap–and–tax system. At the start of the year, the government will put a cap on the carbon emissions a company can produce for the year, then space can be auctioned around. Then, throughout the year, the government will tax the company on their emissions, but not as severely as a solely carbon tax system. For example, under a cap–and–trade system, a company with large carbon emissions might pay $1 billion dollars upfront for a high cap, or pay almost $2 billion under a carbon taxing system. With our Cap–and–Tax program, a company might pay $500,000 to get a high cap on their emissions, then pay $750,000 in gas taxes. The company doesn't have to pay a massive amount upfront, and doesn't pay as much to carbon taxes. This system will make large carbon taxes more manageable for struggling companies, and save companies money from carbon ... Get more on HelpWriting.net ...
  • 31. Why I Like To Pay My Taxes A government is responsible in maintaining and improving the country's structural elements, such as economy, military, agriculture, education and so on. In order to fulfill these responsibilities, the government requires a budget, which it acquires through taxation of the population. In the reading "Why I Like to Pay my Taxes", Neil Brooks insists that taxes are a good thing, and that they are necessary for society to function, and beneficial in all aspects. He also criticises: people that see tax increase as negative, call taxation a great burden and a restriction of freedom. Neil Brooks shows bias by displaying only the pros of taxation. It is fair to say that arguments with regards to the pros and cons of taxation are a very grey area. The ... Show more content on Helpwriting.net ... The increase of tax rates, as well as creation of new taxes leads to rising prices on certain products and purchases. When presenting the federal budget, the liberals placed in effect increase tax increase on tobacco and alcohol. By Lisa WrightBusiness Reporter Wed., March 22, 2017 SMOKERS, DRINKERS ...TOOK A HIT IN WEDNESDAY'S FEDERAL BUDGET. The excise duty rate on cigarettes is increasing to $21.56 per 200 cigarettes from $21.03. For alcohol, the excise duty rates are going up two per cent The Liberals are also eliminating the 15 per cent tax credit for commuters who buy a transit pass. As part of the federal budget, the liberals are proposing a Health Care Plan Tax, as well as Internet Tax. A lot of work places offer Health Care Plan, which are available through paycheck deductions. They cover items such as dental, prescriptions, eye–care etc. Taxing these would hurt both the employers and employees. Prime Minister Justin Trudeau refused to rule out the possibility Tuesday that the Liberals will increasegovernment revenues by taxing private health and dental plans in the upcoming federal ... Get more on HelpWriting.net ...
  • 32. Carbon Tax Research Paper Global warming is real. The truth is if we do not act act boldly and quickly the problem will get worsen in the coming years to come. It is the major threat to the planet earth and to minimize this threat, it will require a major reduction in the burning of the coal and fossil fuels. The fossil fuel industry that releases Green house gases like carbon dioxide in major percentage, methane, nitrous oxide, has played major role in this threat increment and its contents is increasing daily in the atmosphere. As Earth's climate warms, rapid loss of glacial ice is being documented around the world. The rising of the sea levels throughout the world is also observed. These multi billion dollar industry is slowly destroying the planet earth, and getting rich while doing it. That must end and I believe therefore a carbon tax is must in order to dramatically reduce the carbon pollution. In 2008 Eminent climatologist James Hansen urged U.S. President Barack Obama to support a carbon tax. Hansen was the first climate scientist to state publicly that greenhouse gas emissions were causing climate change, at a hearing before the U.S. Senate 20 years ago. All reputable scientists agree that climate change is man–made, and a huge challenge for human civilization. Political efforts for an international agreement to limit climate change have ... Show more content on Helpwriting.net ... Air temperatures increased by ~2.5В°C from 1950–2000.T he famed snows of Kilimanjaro have melted more than 80 percent since 1912. Glaciers in Nepal and India are retreating so fast that researchers believe that most central and eastern Himalayan glaciers could virtually disappear by 2035. Arctic sea ice has thinned significantly over the past half century, and its extent has declined by about 10 percent in the past 30 years. NASA's repeated laser altimeter readings show the edges of Greenland's ice sheet ... Get more on HelpWriting.net ...
  • 33. Carbon Tax : Carbon Taxes Essay Carbon Tax A carbon tax is a fee on the emissions released from burning fossil fuels. According to carbontax.org, it is an "antidote to rigged corporate energy pricing". So unlike cap–and–trade, it does not "create complex and easily gamed 'carbon markets' with allowances, trading and offsets". It is implemented by placing a tax on carbon emissions. So carbon that is within products such as plastics will not be taxed as it does not get burned and release emissions into the atmosphere. The tax will be placed at the point where the fuel is extracted, imported, supplied, and consumed. As with all implementations, it will have its benefits and drawbacks. Benefits Having a carbon tax will encourage further research and development of more efficient alternatives. With the extra cost of using fossil fuels, companies will look into alternative sources like solar and wind for their power needs. This tax will also be a monetary incentive on a local level to push consumers to look for alternatives. In turn, this lowers emissions, saves them money, and has a positive impact to the environment. The revenue collected from the tax could be directed to funding for those alternative energy sources. More funding means more opportunity to develop effective alternative sources, because today, fossil fuels are simply more powerful, effective, and reliable. Having options to other equally efficient and effective energy is good because depending on different regions; one source may be more ... Get more on HelpWriting.net ...
  • 34. Carbon Tax Essay Ontario should adapt Sweden's Carbon taxes policies and how they use their revenue from taxes to better help promote economic growth High carbon tax leads for alternatives, green car rebate More usage on biomass http://energy.techno–science.ca/en/energy101/biomass.php https:/ /www.theguardian.com/environment/2008/apr/29/climatechange.carbonemissions http://www.worldbank.org/en/news/feature/2014/09/18 /what–does–carbon–pricing–success–look–like–ask–the–leaders http://blogs.worldbank.org/climatechange /sweden–decoupling–gdp–growth–co2–emissions–possible https://sweden.se/nature/sweden–tackles–climate–change/ http://arc.hhs.se /download.aspx?MediumId=824... Show more content on Helpwriting.net ... Their carbon taxes is one of the highest in the world, but this allows them to have more reduce other taxes to help promote growth. Using the carbon taxes the government earned, they gave rebates to anyone who buys a "green" car. In Ontario, there is a cap and trade system implemented by Kathleen Wynne but it is very ineffective in helping the economy grow compared to Sweden growth as an economy due to a carbon tax. Ontario should adapt Sweden's idea of carbon taxes as it will grow the economy while helping the environment. A wonderful way to promote business and grow the economy is to have a strong carbon tax. In Ontario, there is a cap and trade system in place to regulate the CO2 emissions that are being released. The cap and trade system is when every company has a limit on how much CO2 they release into the air. The companies Every year, the programs shrinks the limit down to help fight against climate change. Companies who exceed the limit of CO2, they have to buy credits from another company to be under the limit. For companies that are underneath the limit, they can sell off their extra credits. Within four years, the revenue earned from the program will be $8 billion but only $1.32 billion is going to be used for residential and business electricity bills (Green, 2017). The rest would be spent on government projects. The government is not spending much money back on communities ... Get more on HelpWriting.net ...
  • 35. The Government 's Carbon Tax Policy Case Study 1 A. Which theory of regulation can be used to explain the government's carbon tax policy? Carbon tax is collected from the tax on the carbon content of fuels. It is in the form of carbon pricing. The carbon is present in all the hydrocarbons (oil coal and natural gas) and is sources of carbon dioxide. It offers a cost–effective means of reducing greenhouse gas emissions. It also will help to solve the problem of greenhouse gas emissions and the cost of their action. Economics theory is used for the government of the carbon tax policy. By the increase of expenditures for the use of global skills fossil fuels, a tax on carbon, the tilt in this regard, the cost of production of goods and services, especially for things such as ... Show more content on Helpwriting.net ... Reduce real wages, would have the effect of reducing the pollution of the environment of the quantity, that the people who work there, that the whole of this pool of labor. Investments may also reject, the reduction of the whole economy. If the climate change without any effort to continue, we can reduce a real economic costs. The effects of climate change will lead to a larger economic instability in the world. The solution is the reduction in the use of fuels. A form is in the processing of fuels, on the path of renewable energies. To reduce demand, there are a number of solutions, but the most available is used to increase the cost of the emissions of carbon monoxide by taxes. However, the increase in the costs to ensure that the changes of any taxes or charges is damaged the economic outlook. To reduce demand, there are a number of solutions, but the most available is used to increase the cost of the emissions of carbon monoxide by taxes. However, the increase in the costs to ensure that the changes of any taxes or charges is damaged the economic outlook. B. Do you think Independent MP Rob Oakeshott has been "capture" by business in rejecting a floor price on carbon? Yes, I think it was independent MP Rob Oakeshott is "capture" of companies in relation to the rejection of a floor price for carbon. He is against the government's carbon scheme and want to make sure that the floor price disposed of, because it ... Get more on HelpWriting.net ...
  • 36. Carbon Tax Essay Carbon Tax Essay In February 2011, the Australian federal government declared a scheme to implement a Carbon Tax from July 1, 2012. Implementing this scheme has generated a controversial debate between Australians. The term "Carbon tax" refers to an environmental tax forcing polluters to pay per ton of carbon which they release into the atmosphere. This essay will provide the economical, social and political implication of carbon taxes, also with its introduction who will benefit and who would suffer. In managing the emissions of GHGs(Green House Gases), carbon taxes will be imposed mid 2012. "Economic theory anticipates that with the increased costs of emitting GHGs, drives emitters to downsize their activities." Salem Press (2009) ... Show more content on Helpwriting.net ... Much political discussion has been centred on how the carbon tax will cost jobs and consumers, but there has been little talk of job generation following the introduction of the policy, and who exactly – apart from the environment – is likely to benefit from it. Some industries will receive a boost from the new carbon pricing scheme reports Mike Kermode. Kym Quick, Chief Operating Officer for Clarius Group as resource of Kermode says that there will be a boost from advisors for research and development. There will be increase in demand for professional advice from accounts, lawyers and other professional advisors by businesses as pursue to incorporate their duties with the tax, decreasing cost and subsidise on the government assistance in which they provide. New opportunities in IT, manufacturing sector and development will receive a stimulating rise as businesses will be requesting their service and expertise for a "clean energy future". Levying carbon taxes would be useless in my opinion. As financial burdens will increase on Australian families and industries. Look at cigarettes for instance, cigarettes are generally taxed globally at a huge extent than any other product. However, the amount of cigarettes ... Get more on HelpWriting.net ...
  • 37. Implementing A Transparent And Equitable Tax On Carbon... Across 800,000 years of data of Earth's atmosphere, carbon dioxide levels at record highs, and being added daily, have already begun disrupting established climate patterns and damaging ecosystems upon which nearly all living things depend (CTC). Tremendous and rapid reductions of carbon emissions in the United States, and developed nations around the world, are essential to avoid runaway climate damage and minimize severe weather events. Inundation of coastal cities and islands, infrastructure destruction, failure of agriculture and water supply, forced migrations, political upheavals, and international conflict are among the devastating and costly side effects of climate change, many of which have already begun to be seen (CTC). Enacting a transparent and equitable tax on carbon dioxide emissions is imperative to hand over a sustainable Earth and habitable climate for future generations. A robust tax on carbon would provide compelling incentives to reduce emissions and pollution through conservation, substitution, and innovation (Sutter). The carbon tax is also a crucial policy tool for achieving the "Intended Nationally Determined Contributions" (INDC's) to which the 193 countries that signed the Paris Climate Agreement in December 2015 committed to in effort to preventglobal warming from reaching two degrees celsius above pre–industrial levels (CTC). Currently, the prices of gasoline and other fuels, as well as the products that come from them, such as electricity, ... Get more on HelpWriting.net ...
  • 38. Carbon Tax Essay The introduction of the carbon tax in Australia. Recently, the carbon tax issue has been gaining increasing attention in Australia due to its function of reducing greenhouse gas as well as its extensive economic impacts on a range of industries, such as tourism and hospitality. The conceptual meaning of the carbon tax is "a levy applied to various operations that generate carbon dioxide" (Covey, 2009, p.329). Such a tax is introduced to achieve a desired national emission target (Covey, 2009). The introduction of the carbon tax in Australia is derived from the serious environmental issue of climate change. According to The Economist (2011), Australia's emissions measured on a per capita basis are the largest of any developed ... Show more content on Helpwriting.net ... Additionally, the CGE model "focuses on traditional economic performance indicators and environmental impacts in terms of emissions from fossil fuel combustion, most notably CO2" (Amin, 2009, p.334). Therefore, it is helpful to evaluate the effects of environmental policies, such as the carbon tax within the framework of the CGE model. In addition to the CGE model, the impact of the carbon tax can also be assessed with Keynesian theory, monetaristic approaches, supply side models, and dynamic input–output models (Amin, 2009). These macroeconomic models focus on the impact of environmental policy on unemployment, inflation, disequilibrium in markets, cyclical developments, convergence and stability, long–run growth and forecasting (Amin, 2009). 3.0. The implications of the carbon tax for tourism industry and its consumers. 3.1. Short–term implications. In the short term, the introduction of the carbon tax will have three main dimensions of implications for tourism industry, which are the inbound tourism market, small tourism businesses, and influence on consumers in the tourism market. Carbon taxes will unavoidably impact on Australia's inbound tourism in the short term. This is due to the assumption that if a destination imposes climate change policies such as the carbon tax, which raise the cost of inbound tourism, tourists will tend to substitute for competitor destinations (Hoque et al., 2010, p. 45). In addition, as tourism operators ... Get more on HelpWriting.net ...
  • 39. Climate Change: We Need a Carbon Tax One of the most compelling and difficult environmental problems society is facing today is climate change. People do not realize how much the environment has changed for the worse in the last ten years, until they are told that the last two decades of the 20th century have been the hottest in the last 400 years, according to climate studies (Conserve Energy Future). Today thecarbon dioxide levels have reached 396.81 parts per million (ppm). "Carbon dioxide (CO2) has also increased over the last 100 years–– from about 300 ppm to 370 ppm. Interestingly, the majority of these additions have occurred in the last 50 years, when temperature increases have been slowest" (geocraft). There are no known solutions yet to reverse these effects in the ... Show more content on Helpwriting.net ... Richard Caperton, Director of Clean Energy Investment at the Center for American Progress, believes that having a carbon tax will be a good idea and it is needed to prove weather disasters and for many reasons. First, he thinks that, "Be sufficiently robust that it leads to meaningful reductions in greenhouse gas pollution, getting us on a path that helps us avoid the most catastrophic effects of climate change." I think this will be effective, I mean it might cost companies more but if they refuse and stick to polluting the air, companies will face a tax that in the long run will be far more expensive. "A carbon tax would increase the cost of fossil fuels, encouraging companies to switch to currently more expensive fuels and leading households and companies to reduce energy use" (rff.org). Yes, it is definitely not going to be easy, and it is not going to be fixed in a matter of months. But by slowly changing the ways corporations pollute carbon dioxide into the atmosphere then maybe there can actually be a way to solve climate change. Going 'green' as some say, means choosing an alternative source that uses less energy, saving fuel cost. The IRS is actually rewarding business who invest in alternative sources allowing some business a tax credit of up to 30% of the cost (Weltman). People are the most vulnerable to the impact that climate change has, "their ... Get more on HelpWriting.net ...