Essay On Carbon Tax

Stewart Elgie, a University of Ottawa law and economics professor and chair of the green economy think-tank Sustainable Prosperity suggests that British Columbia’s per-capita fuel usage had fallen more than 4 per cent compared with the rest of Canada and its economy (Ebner, McCarthy, 2011) Evidently it is reducing the amount of green house gasses emitted by fossil fuel use. However this is not the concern many had with the introduction of the tax, but the concerns were focused upon the externalities caused by this and the effects it would have on the economy. Three years since the carbon tax introduction and the Provincial level of GDP has remained approximately the same, (Greenery in Canada: We have a winner) With the provincial level of GDP remaining around the same, this suggests that at the very worst the carbon tax has had no negative effects to the provincial economy. Furthermore the tax also promised to remain carbon neutral and promised to cut corporate and private income tax. British Columbia has become the province with the lowest income tax regime and the lowest corporate tax regime (Greenery in Canada: We have a winner). Although the carbon tax is being praised by many, it still faces concerns as many still argue the ineffectiveness of the tax and what that means for the province.

For the last two decades, the increased use of fossil energy caused the environmental problems. The evidence of global warming, like drying rivers, extinction of species, melting of glaciers, became more often around the planet. The climate change became a threat to healthy environment and prosperity of humanity and wildlife, and the world community started searching for solution to combat climate change. In 2008 British Columbia introduced carbon tax on greenhouse gas (GHG) emissions to reduce global warming. Starting from $10 per tonne of CO2, the price was increasing annually till it reached $30 per tonne in 2012. During that period British Columbia was reducing harmful emissions and improving economy comparing to the rest of Canada. However, since the price rise on carbon stopped in 2012, no improving changes in cutting emissions, economy, and overall quality of life have been noticed. In this essay I will persuade that British Columbia should continue gradually increase price on carbon tax to the level where it will significantly cut the use of dirty energy, provide enough investments into the green projects, and support low-income families.

Replace Cap & Trade Carbon Tax with environmentally responsible initiatives which reinvest revenue in Northern Ontario, a Carbon Tax placed on imports from excessive carbon producing countries of 10%.

In the beginning, the writers present the process of the research conducted by the MIT researchers and conclusions that showed how even a low carbon tax would be effective at lowering carbon emissions. The writers continue the article by pointing out the effects of different policies, relating to the revenue created from a carbon tax, on corporations and lower income households. Finally, the writers draw attention to the fact that this carbon tax will greatly influence the effects of global warming. This article was written for Americans and is a solution that is perfect for the political spectrum of any government institution within the United States. The article addresses ways that a carbon tax can be used to please both liberals and conservatives. Though the writers did not conduct their own research, they did cite a study conducted by university researchers and a government organization and use interviews with key researchers in the study. Though this article cites only one research study, the idea of a carbon tax is still a viable solution and it will be used in my research to show that there is a viable solution to the problem of air

Fossil fuels are considered to be natural products that are made from the remains of organisms that were once living, and is a non-renewable resource (Yvonne, Locke, 1) that has a big impact on our earth, but now people are trying to find ways to lower the earth’s carbon footprint. The fossil fuel industry is one that has been around for a very long time and is something that contributes in our everyday living, but now fossil fuel is something that is being considered precious material, and the way that we as consumers use it will have a big impact on the shape of our future country (Fossil Fuels 1). With all of this oil being collected in Canada it has a big effect on the economic spectrum as well

An unfathomable number of planets, but only one Earth; one us. CO₂ is a naturally occurring gas, however, emissions in Canada have continually risen, from 591 megatons (Mt) in 1990 to a full 18% increase to 699 Mt by 2012 (Environmental Canada). The dramatic rise in existing levels is directly connected to human-related activities, with roughly 80% due to the burning of fossil fuels (Canada’s Action on Climate Change). When split into five equal quintiles according to income, the estimated emission production for the top quintile is around 20% over the calculated average of all five quintiles (Canadian Centre for Policy Alternatives [CCPA]). As well, it has been calculated that when analyzing gender, men contribute considerably larger

Despite its well-known Economic Action Plan and its continued emphasis on the need for more jobs and growth, it is still quite disturbing that the Canadian government gave a cold shoulder to environmental concerns in its 2014 budget. However, what has become clear in the last few years is that Canada is not committed to fighting climate change. In truth, it is not Canada that is uncommitted to the climate change cause. It is its Prime Minister, Stephen Harper, who is blocking all efforts to put Canada at the forefront of climate change efforts . And Canada should be leading climate change initiatives because it is one of the largest emitters in the world, and it is also a rich

Ontario has its own creative and effective strategies to combat climate change. One of Ontario’s goal is a low-carbon future. To accomplish this the province started making carbon reductions in 1990 and are on track to reduce carbon emissions by 15% in 2020, 37 per cent in 2030 and 80 per cent in 2050 (Climate Change Action Plan, 2017). Ontario’s target of reducing emissions by 6% was met on schedule in 2014 (Climate Change Action Plan, 2017). One of the reasons this has been made possible is because of Ontario’s investment in carbon reduction. For example, in 2015 Ontario committed $325-million payment to Ontario’s Green Investment Fund to support programs that help households and businesses implement

Climate change has become the most serious global environmental threat with sides of people who do not believe it exists and people who are actually aware. The release of greenhouse gases such as carbon and methane into the atmosphere has been known to be one of the major causes of climate change. Scientists explain that these emissions must drastically reduce to avoid a 2°C rise in average global temperature. Therefore different countries have made policies and ways to reduce the production of these gases and Canada is one of them. Canada ranks 15th out of 17 countries for greenhouse gas emissions per capita.Canada’s per capita decreased by nearly 5% between 1990 and 2010 while the total GHG emissions in Canada grew by 17%. The

Climate change is real, and it’s happening. As a concerned citizen of Washington and the world, I want to advocate Initiative 732. This is an initiative that would help Washington -- and later the entire nation -- take steps towards cleaning up our environment and creating a safe and livable future for our next generations. Over 360,000 people have already signed in favor for I-732, showing that they agree with creating a carbon tax that would charge polluters $25 for every metric ton of CO2 they emit. However, this tax is revenue neutral--meaning the revenue produced will be returned back to residents through various tax cuts. This would cause a minimal impact on the economy, but still encourage people to transition into

First we should understand how the carbon cap and trade system came about. The system of carbon cap trade used to be known as ‘emissions trading’, the alliance of free-market republicans and renegade environmentalists got the system adopted as national law in 1990 as a part of the Clean Air Act, to control the power-plant pollutants that cause acid rain, which is triggered by vast clouds of sulfur dioxide

In Australia, there is an emerging consensus that the government should take further actions to help mitigate and combat climate change. The current most accepted policy by government is the introduction of a carbon tax followed by an ETS in 2015. However we are focusing on the carbon tax in this essay and not the ETS. Here is a brief explanation of the dynamics of a carbon tax. A carbon tax is a tax on energy sources, which emit carbon dioxide (Co2). Therefore, carbon taxes address the problem of negative externality. Externalities are the subsequent effects when individual production or consumption of a particular good or service imposes costs or benefits on others. Therefore negative externalities are effects, which pose harm to others without their direct interaction (Basic Economics 2011). However, usual market practices and transactions do not reflect these cost and benefits in the prices involved in the transaction, or take into account in their transaction decision. Therefore this is a form of market failure. By imposing a cost on these negative externalities, the hidden cost can be addressed. Ultimately the purpose of a carbon tax is to reduce emissions of carbon dioxide and therefore reduce

In February 2011, the Australian federal government declared a scheme to implement a Carbon Tax from July 1, 2012. Implementing this scheme has generated a controversial debate between Australians. The term “Carbon tax” refers to an environmental tax forcing polluters to pay per ton of carbon which they release into the atmosphere. This essay will provide the economical, social and political implication of carbon taxes, also with its introduction who will benefit and who would suffer.

Since the beginning of the industrial revolution machinery and surface temperatures have been on the rise. Some may argue that the increasing temperatures are strictly due to the rise of machinery and less strict efficiency standards. The U.S has been debating what methods are efficient for combating increasing emissions some argue that a carbon tax has many positive impacts some say if one were to be adopted they would need reforms. This paper will dive deep into the the effects of climate of change and whether or not a carbon tax can fully help to decrease these emissions.

Coal and natural gas are the United States’ main fossil fuels used as energy sources. These fossil fuels both contain mixtures of hydrocarbons, which is a chemical compound of carbon and hydrogen (Olah, 2005). Currently, fossil fuels provide eighty-five percent of commercial energy, such as businesses, worldwide and this eighty-five percent does not even account for residential use. Imagine if the residential energy use was accounted for in that eighty-five percent (Davison, 2007). According to Goodell (2006), “Between 1950 and 2000, the world population increased by 140 percent and fossil fuel consumption increased by 400 percent. By 2030, the world’s demand for energy is expected to more than double,” with most of the electricity