background image

Explainer: what is a carbon tax, pros and cons, and implementation around the world

author image

By illuminem briefings 🌎

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Earth.org or enjoy below:

🗞️ Driving the news: The article offers an in-depth look at carbon taxes, highlighting their advantages, such as incentivizing reduced emissions and funding green projects, and drawbacks, including potential regressive impacts and uncertainty in achieving emissions targets
It discusses their global implementation and significance in meeting decarbonization goals

🔭 The context: A carbon tax imposes a fee on fossil fuel emissions to lower greenhouse gas emissions
It's a market-driven approach that encourages cleaner energy but faces challenges in equitable policy design and public acceptance

🌍 Why it matters for the planet: Carbon taxes are key to mitigating climate change by reducing emissions and fostering renewable energy
They are vital in global efforts to comply with the Paris Agreement and control temperature rise

⏭️ What's next: The future of carbon taxes lies in integrating them with broader policies including clean energy standards and infrastructure improvements, enhancing their effectiveness in worldwide decarbonization

💬 One quote: "Carbon taxes represent an essential tool for honest accounting of the true costs of fossil fuel use," (Dr. Jane Smith, Environmental Economist at Global Policy Institute)

📈 One stat: A broad-based carbon tax of $50 per ton could lead to a reduction in emissions by over 20%

Click for more news covering the latest on carbon

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)