Global warming today is the prime concern for many countries today, as industrialisation is rapidly engulfing every part of the sphere so does the pollution doing with the atmosphere. With carbon content rising rapidly causing global warming ,scientist are afraid if some serious measures are not taken no doubt the world soon be on the verge of end. Already the green land has showed the sign of melting ice at a rapid rate, leading to rise of sea level every where. The other aspect of global warming is the UV rays falling directly on earth causing wide range of skin diseases. Average temperature is already reached new limits.
With all this in mind a new term has evolved and called as CARBON TAX this is like other indirect tax that are levied on us, rather these taxes are imposed on countries rather than on individual. The main idea regarding carbon tax is to force countries to go for renewable resources such as wind, solar energy, wind energy etc.
The government sets a price per ton on carbon, then translates it into a tax on electricity generation and natural gas . Because carbon tax makes these fossils fuels more expensive, it encourages businesses and individuals to reduce consumption and increase energy efficiency. Carbon tax also makes alternative energy more cost-competitive with cheaper, polluting fossils fuels.
Carbon tax is based on the concept of negative externalities. Externalities are benifits that are produced when some good and services are produced. Negative externalities are cost paid by the society, since the lawmakers think that with carbon pollution every one in the society suffers, the corporates need to pay for such social cost. The one liner is if you make the society dirty, clean it or pay for it.
Related posts:
- Reminder For Fossil Fuel Natural resources are in limited amount and it takes millions...
- Titimma’s Wallpapers ...
- The G-House Effect The cry for the our environment has been antiquated now,...
- Ground Water Realities Drinking water to many of us is more precious than...
Related posts brought to you by Yet Another Related Posts Plugin.
biera1 on 
Code Name 4364 on 
pawanyadav on 
Athira on 
paulene white on 
sonal jain on 
Hitesh Anand on 
trading system on