reflect why!??? what what is the carbon tax? why and on whom has this tax been implemented?
Answers
Answer:
A carbon tax is a tax levied on the carbon content of fuels, generally in the transport and energy sector. Carbon taxes are a form of carbon pricing. The term carbon tax is also used to refer to a carbon dioxide equivalent tax, the latter of which is quite similar but can be placed on any type of greenhouse gas or combination of greenhouse gases, emitted by any economic sector.[1]
Carbon Tax World Map [1]
A coal-fired power plant in Luchegorsk, Russia. A carbon tax would tax the CO
2 emitted from the power station.
When a hydrocarbon fuel such as coal, petroleum, or natural gas is burnt, its carbon is converted to carbon dioxide (CO
2) and other compounds of carbon. CO
2 is a heat-trapping greenhouse gas which causes global warming, which damages the environment and human health. Since greenhouse gas emissions from the combustion of fossil fuels are closely related to the carbon content of the respective fuels, this negative externality can be compensated for by taxing the carbon content of fossil fuels at any point in the product cycle of the fuel.[2][3][4] Carbon taxes are a type of Pigovian tax[5] and help to address the problem of emitters of greenhouse gases not facing the full social cost of their actions.