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Carbon tax case study

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All revenues from the tax were to be returned two ways: through low-income dividends — to avoid regressivity — and reductions in individual and corporate income tax rates, to deliver spillover economic benefits. The business community thus anticipated that increased costs would be forthcoming, not least given growing interest in cap-and-trade in both the US and Canada. When consulted by a trusted right-of-centre BC government in late , business representatives indicated that they could live with a carbon tax if the burden of reductions was shared with households and the tax was revenue-neutral. A final critical factor was leadership by Gordon Campbell, premier at the time, who developed a strong personal interest in climate change and was willing to embrace advice that a carbon tax was the most straightforward and cost-effective policy option. Survival was by no means guaranteed. However, despite nervousness in the Liberal caucus, Campbell stayed the course.
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The Case for a Carbon Tax on Beef

Carbon tax case study
Carbon tax case study
Carbon tax case study
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Carbon tax v cap-and-trade: which is better? | Environment | The Guardian

This report seeks to address the question of how an organization should design and implement an internal carbon charge. Internal carbon pricing is a powerful tool the private sector can employ to reduce carbon emissions. While policy tools and guidance exist for carbon pricing at the national level, it is not clear how implementation might differ in a business environment or another setting. Our project seeks to supplement the growing carbon-pricing literature, given the promise of internal carbon-charge programs in addressing climate change.
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Carbon tax v cap-and-trade: which is better?

Eleven teams participated in a recent Stanford Energy Modeling Forum EMF project , examining the economic and environmental impacts of a carbon tax. Among the eleven modeling teams the key findings were consistent. First, a carbon tax is effective at reducing carbon pollution, although the structure of the tax the price and the rate at which it rises are important.
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Economists argue that, if the market is left to operate freely, greenhouse gas emissions will be excessive , since there is insufficient incentive for firms and households to reduce emissions. As such, they recommend applying the polluter pays principle and placing a price on carbon dioxide and other greenhouse gases. This can be implemented either through a carbon tax known as a price instrument or a cap-and-trade scheme a so-called quantity instrument.
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