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Business Daily

Climate love

Carbon tax as a green economy driver

Taxation plays a carrot-and-stick role in the green transition. High taxes may discourage the consumption of certain products such as fossil fuels and non-recyclable plastics, whereas targeted tax incentives and tax exemptions contribute to green initiatives including investment in clean energy and electric vehicles (EVs). Carbon pricing is used to curb greenhouse gas (GHG) emissions. Carbon pricing initiatives are broadly categorised into two – emissions trading system (ETS) and carbon tax. ETS, also referred to as a cap-and-trade system, sets a limit on GHG emissions. Entities covered under the ETS hold emissions units for a permissible cap on GHG emissions, but the entities can trade the units. A carbon tax on the other hand places a tax rate on GHG emissions, usually expressed as value per tonne of carbon dioxide equivalent (per tCO2e). While a carbon tax does not limit the amount of GHG emissions, it seeks to discourage consumption by increasing the prices of certain products such as fossil fuels and non-recyclable plastics, thereby correcting the “not green” economy

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149 more agrees trigger scaled up advertising

  • Nahashon Wanjiru

    40 w

    Africa need the funds because it contribute all to maintain the environment

    3
    • Harrison wambui

      42 w

      A great project to improve clean energy

      1
      • Videlis Eddie

        42 w

        This is great it will boost on clean energy with no carbon emissions

        3
        • George Kariuki

          42 w

          We really need these carbon taxes to address climate change rows.

          5
          • Elizabeth Gathigia

            42 w

            This will greatly lead to a clean environment thus lowering carbon emissions

            10
            • Hilda Wangui

              42 w

              Great move carbon taxation will help to Reduce emissions and go by renewable energy

              7
              • Jengaj John

                42 w

                Carbon tax is critical for fighting climate change and driving economic growth.

                6
                • bonke reinhard

                  42 w

                  There are so many ways of killing a rat ,, Fossil fuel and non recycle plastics must end a d heavy taxation is much okay as per me

                  7
                  • Joseph Githinji

                    42 w

                    This is great system going forward, it's a major boost towards creating a clean environment by reducing carbon emissions.

                    16
                    • Rashid Kamau

                      42 w

                      Putting a tax on carbon emissions can drive efficient emission reductions.

                      8
                      • Judy Holm Climate Designers

                        42 w

                        Absolutely 💚 however, the US government is highly unlikely to tax carbon. 🙏

                        5
                        • Kevin

                          42 w

                          This is quite a piece by Business Daily.Carbon tax will surely drive up the clean energy movement.

                          16
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