Amazon workers plan global Black Friday protests for better wages, tax accountability
Amazon employees worldwide are planning to strike on one of the busiest shopping days of the year.
Nov 24, 2021
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Amazon employees worldwide are planning to strike on one of the busiest shopping days of the year.
Nov 24, 2021
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Worldwide, the ugly consequences of a warming planet are rearing their heads. Many countries are increasing efforts to decarbonise their energy systems in a bid to limit global warming to 1.5°C above pre-industrial levels. ...
Jul 14, 2021
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Australia's top economists overwhelmingly back government measures to speed the transition to electric cars in order to meet emission reduction targets.
Jun 21, 2021
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The president and auto industry maintain the nation is on the cusp of a gigantic shift to electric vehicles and away from liquid-fueled cars, but biofuels producers and some of their supporters in Congress aren't buying it. ...
Apr 7, 2021
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In a symbolic first, electric cars outsold fossil fuel-powered ones in Norway last month.
Apr 1, 2019
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Many programs encourage owners of homes and other buildings to improve their energy efficiency, sometimes offering substantial subsidies or tax incentives for doing so. Now, planners may have a way to determine where such ...
Apr 20, 2016
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"Most people know we are frying the planet," says MIT economist Daron Acemoglu, referring to the effects of climate change.
Mar 15, 2016
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A carbon tax is an environmental tax on emissions of carbon dioxide and other greenhouse gases. It is an example of a pollution tax.
Carbon atoms are present in every fossil fuel (coal, petroleum, and natural gas) and are released as CO2 when they are burnt. In contrast, non-combustion energy sources—wind, sunlight, hydropower, and nuclear—do not convert hydrocarbons to carbon dioxide. Accordingly, a carbon tax is effectively a tax on the use of fossil fuels, and only fossil fuels. Some schemes also include other greenhouse gases; the global warming potential is an internationally accepted scale of equivalence for other greenhouse gases in units of tonnes of carbon dioxide equivalent.
Because of the link with global warming, a carbon tax is sometimes assumed to require an internationally administered scheme. However, that is not intrinsic to the principle. The European Union considered a carbon tax covering its member states prior to starting its emissions trading scheme in 2005. The UK has unilaterally introduced a range of carbon taxes and levies to accompany the EU ETS trading regime. Note that emissions trading systems do not constitute a Pigovian tax, because they entail the creation of a property right.
The purpose of a carbon tax is to protect the environment by reducing emissions of carbon dioxide and thereby slow climate change. It can be implemented by taxing the burning of fossil fuels—coal, petroleum products such as gasoline and aviation fuel, and natural gas—in proportion to their carbon content. Unlike other approaches such as carbon cap-and-trade systems, direct taxation has the benefit of being easily understood and can be popular with the public if the revenue from the tax is returned by reducing other taxes. Alternatively, it may be used to fund environmental projects.
This text uses material from Wikipedia, licensed under CC BY-SA