By taxing emissions, it incentivizes businesses to update their operations so they reduce their contribution to global warming. A carbon tax requires 3 key elements: Pricing – governments must set a price on greenhouse gas emissions. Monitoring – we need a reliable way to measure the amount of emissions released by companies. Enforcement – taxes, […]
A carbon tax is a fee associated with carbon emissions. This is most often in the form of a business burning fossil fuels. A business can burn fossil fuels directly (via their delivery fleet) or indirectly (the electricity that powers their store front originates from a coal fired power plant). Carbon taxes are an economic […]
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