A Study on Carbon Tax and Greenhouse Gas Emission
Author : RB Sidhirubini and Dr. MD Chinnu
Abstract :
A carbon tax is an economic policy tool designed to reduce greenhouse gas emissions by assigning a financial cost to the emission of carbon dioxide and related gases from the combustion of fossil fuels. By making carbon-intensive activities more expensive, it incentivizes individuals, businesses, and industries to adopt cleaner energy sources and improve energy efficiency, thereby contributing to climate change mitigation. Carbon taxes are typically levied per ton of carbon dioxide equivalent emitted, directly targeting the economic drivers of pollution and internalizing the environmental costs within market prices. As a market-based approach, carbon taxation is widely considered among the most effective and efficient strategies for curbing greenhouse gases and facilitating the transition to a low-carbon economy. For this study data has been collected through primary and secondary sources like judgements, case laws, news, articles etc. The motive of this study is to study positive and negative impact of Carbon tax and Green gas emission.
Keywords :
Carbon tax, Greenhouse gas emission, Carbon leakage, carbon pricing, climate change, Fluorocarbons, Environment, Socio-economic effects.
