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Evaluating carbon taxation policy to incentivize low carbon energy resources
Man-made green house gases are the main cause of global warming. Changes in temperature and hence environment are a danger to the survival of the whole planet.Climate change is unprecedented not just for its impact, but also in response to this challenge. Effective climate policies are a great solution to encourage low-carbon resources. This paper evaluates how policymakers can employ carbon taxes to promote a future with more sustainable energy sources.The paper provides an overview of this research background, underlining both urgency for climate action and the need for policy interventions that promote clean and inexpensive alternatives to fossil fuels.It looks into the scientific basis of climate change –how greenhouse gasses become warmer and its anticipated effect on natural and human systems.The core of this paper lies in anthropogenic carbon dioxide taxes, analyzing its main principles, strategies for implementation and the economic logic behind using market forces to check carbon-intense activities.The analysis evaluates various carbon pricing systems, such as cap-and-trade and direct tax structures, and explores their respective advantages, challenges and practical applications in the real world.The impact of carbon taxes is studied comprehensively from economic, environmental and social standpoints. The paper examines potential effects on patterns of energy consumption, investments in low-carbon technologies, job creation, and the overall competitiveness of industries.It also considers the profitability consequences of carbon pricing policies and potentially of measures to lighten regressive effects on vulnerable populations.It sums up main harvests and policy pointer for creation of carbon tax systems that own advantages, covering for their disadvantages, international cooperation. The research paper emphasizes the position of carbon pricing in achieving global climate goals and to a fair low-carbon energy future.
- BRAC University Bangladesh
- BRAC University Bangladesh
Taxation, Carbon tax, Green House Gas, Environment, law
Taxation, Carbon tax, Green House Gas, Environment, law
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
