ALL YOU NEED TO KNOW ABOUT CARBON TAXES..

Carbon Tax at a Glance

A carbon tax is a form of explicit carbon pricing; it refers to a tax directly linked to the level of carbon dioxide (CO2) emissions, often expressed as a value per tonne CO2 equivalent (per tCO2e).1

Carbon taxes provide certainty in regard to the marginal cost faced by emitters per tCO2e, but do not guarantee a maximum level of emission reductions, unlike an emissions trading scheme. However, this economic instrument can be used to achieve a cost‐effective reduction in emissions.

Since a carbon tax puts a price on each tonne of GHG emitted, it sends a price signal that gradually cause a market response across an entire economy, creating incentives for emitters to shift to less greenhouse‐gas intensive ways of production and ultimately resulting in reduced emissions.

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Public - 8/1/16, 2:46 PM