Download file to see previous pages...
Due to the results of social, economical, and environmental consequences brought by emission of carbon gases, the government has decided to implement carbon tax policy. Carbon taxation is an effective means of reducing carbon emission. Carbon taxation also results to increase government revenue, employment, and growth. In addition, carbon taxation causes impacts to energy market. This paper aims at discussing the effectiveness of carbon taxation, and its impacts to government revenue and energy market.
A carbon tax is a form of tax levied on the content of carbon fuels. It also refers to a type of carbon gas pricing. Due to industrial growth, most manufacturing companies are nowadays emitting large amounts of carbon dioxide to the environment, which negatively affects the life of both human beings and animals. Carbon exists in all types of hydrocarbon fuels, which people consume daily such as natural gas, petroleum, and coal and is emitted as carbon dioxide when human beings burn these hydrocarbon fuels (Maatta 31). On the contrary, non-combustion sources of energy such as sunlight, wind, nuclear, and hydroelectric power do not emit carbon dioxide. Carbon dioxide is a greenhouse gas that traps heat, hence causing global warming. Scientists continue to point out the side effects of emitting greenhouse gases into the atmosphere.Worldwide, human activities produces an approximation of 27 billion tones of these harmful gasesannually (Wilson 55). The only effective method the government should apply to reduce emission of carbon dioxide is by taxing the content of carbon released when people burn fossil fuels. This is a unique form of sustainability because apart from ensuring environmental sustainability, it also leads to an increase of government revenues hence improving living standards of citizens.
Carbon taxation offers a cost-effective approach to reduce emission of greenhouse gases. From an economical perspective, carbon taxation is a form of a
...Download file to see next pagesRead More
Information technology comes in by capitalizing on the requirement for green technology that carbon tax will necessarily generate and helping provide the know-how, expertise and research to contribute to the green revolution.
Since the concept is embraced by planners, therefore sustainability balance favors the economy (Gunder, “Sustainability: Planning's Redemption or Curse”). It can be interpreted that the concept related to sustainable development recognizes that there is greater dependence of life upon the earth’s bio-physical support system.
The capacity for systems to endure for a long time denotes sustainability; for instance, the biological systems like forests and wetlands continued productivity and diversity is a rationale for well-sustained systems. The maintenance potential in the surrounding situations and circumstances denotes human sustainability.
The world has witnessed the failure of the planned economy with the fall of the former USSR. However, certain features of planned economy are still visible in the form of socio-political interventions that take place in the mixed economy capitalism. From the perspective of the American capitalist democracy, such policy interventions by the government are dangerous.
Explicitly, sustainability seeks to enable a business to enjoy a future level of consumption, wealth, utility and welfare similar to those enjoyed in the present situations. Therefore, sustainability and business overlap in the areas of business operations and social and ecological impacts.
The global sustainability strategy of the company includes an emphasis on the development of environmentally friendly technologies for the production of vehicles. Some of them include diesel, hybrids, advanced engine and transmission, bio-diesels, fuel cells, plug-in hybrids, E85 Ethanol, and hydrogen internal combustion engines.
There are obvious global challenges related to sustainability which ranges from pollution and climate change to education, poverty, health and human rights thus various jurisdictions, regulations and standards of practice have been set up. The sustainability agenda sees human activities as the part of and dependent upon the natural world.
According to the author of the text, the amount of money that is circularized people to people by the country is the money that is collected in the shape of income tax, which is paid by the citizens. It is also mentioned that the idea was of Mr. Augustus Ceaser to apply tax system all around the world.
Currently many forms are making use of some remarkable vehicles to reduce taxation on their incomes. For example, whole life insurance is one of those vehicles which contract many tax benefits, i.e. if one doesn’t withdraw interest or gains, and then no
imum conditions where man and nature can coexist harmoniously in a productive way, thus promoting the economic, social, or all other contexts necessary for the comfortable survival of coming generations. Concisely, it is the assurance that all the resources necessary for support
4 Pages(1000 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Sustainability trends: Implementation of Carbon Taxes for FREE!