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Carbon Tax - Essay Example

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Carbon tax would encourage producers to install pollution control equipment because the imposed tax is so heavy that if one does not install the equipment he will be forced to…
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Carbon Tax
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Carbon Tax

Download file to see previous pages... That is to say firms have decided to go green in the sense that they have had to make some changes in their industries to avoid the heavy tax imposed on them due to the carbon dioxide emissions (Yamin, 2005, p.244)
Firstly, the firms have decided to switch to the use of windmills and solar panels for the generation of electricity, which are energy saving equipment and facilities and are less polluting sources of energy. Also, due to the introduction of the carbon tax, firms have decided to dispose of hydroflouralcarbon (HFC) refrigerators that are well known to produce more greenhouse gases than any other fridge. They have decided to replace them with natural refrigeration systems that are commercially available. In addition, due to these taxes, extremely expensive firms have decided to give their employees at least one day in a week to reduce carbon emissions from cars; hence, reducing global warming (Piersall, 2007, p.65)
Firms have also made a decision of moving to a paperless technology, which requires keeping electronic records and this makes work easier, and it is perfect for the forests. The firms have also resorted to planting of trees around their companies, which will help suck in the Carbon dioxide, in the air. There is the introduction of virtual meeting in most firms and these is done through online conferencing that is free and easy to use, it saves on time and reduces the use of cars to arrive at the meeting. Also, most firms are now using the electronic mails instead of the traditional mail by posters and this has also reduced the use of papers; hence, being friendly to the environment (Piersall, 2007, p.65).
Carbon tax will make the Australian companies find difficulty in competing with other nations in the region. It means the companies are locked in because they do have the option of taking their business offshore. There will also be a significant impact on small and medium ...Download file to see next pagesRead More
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