How Federal Carbon Tax is a Game Changer for Climate Change
Pages : 439-443, DOI: https://doi.org/10.14741/ijcet/v.14.6.6
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Abstract
By charging for fossil fuel byproducts, the Government Carbon Expense serves as an important tool in the global effort to combat environmental change and boosts reductions in a variety of areas. This expense plan, which is presented as a crucial strategy measure, aims to solve the major issue of ozone-depleting substance discharges by imposing a monetary charge on carbon yields and then incorporating the natural cost of carbon pollution. The Government Carbon Assessment aims to provide financial incentives for businesses and consumers to reduce their carbon footprint, advance cleaner technologies, and switch to more sustainable energy sources. In an effort to promote a shift toward a low-carbon economy, this strategy tries to align financial activities with natural goals. Key findings suggest that the Government Carbon Duty might be able to cut down on the release of ozone-depleting substances, encourage mechanical advancement, and generate revenue for environmental projects. Its sufficiency depends on effective implementation, public recognition, and cooperative arrangements that assist affected businesses and weak populations. The implications of the public authority Carbon Evaluation connect past open lines, influencing overall climate systems and empowering worldwide coordinated effort. By organizing money related and regular focuses on, the public authority Carbon Cost is arranged as a pivotal gadget in the overall fight against natural change.
Keywords: Climate change, Carbon capturing, Carbon sequestration, sustainable environment