Does A Tax On Pollution Actually Work?
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2016 has been the worst year for carbon emissions in 66 million years, and with Donald Trump as the new president-elect, that may not get better anytime soon. Such extreme pollution, has demanded a solution from world leaders. One proposed idea is called a carbon tax, and is championed by environmentalists, and even some conservatives. But what exactly is a carbon tax and could it actually work? Well, a carbon tax establishes a price on greenhouse gas emissions so companies are charged for every ton of emissions they produce. The idea is that the tax will incentivize companies to lower their carbon emissions and find new technologies that decrease their carbon needs. Aka empowering the marketplace to find solutions without adding more regulations. It’s this last point that is particularly ap...
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2016 has been the worst year for carbon emissions in 66 million years, and with Donald Trump as the new president-elect, that may not get better anytime soon. Such extreme pollution, has demanded a solution from world leaders. One proposed idea is called a carbon tax, and is championed by environmentalists, and even some conservatives. But what exactly is a carbon tax and could it actually work? Well, a carbon tax establishes a price on greenhouse gas emissions so companies are charged for every ton of emissions they produce. The idea is that the tax will incentivize companies to lower their carbon emissions and find new technologies that decrease their carbon needs. Aka empowering the marketplace to find solutions without adding more regulations. It’s this last point that is particularly ap...
