26 Dec '15, 8am

Implementing A Carbon Tax & Reduction Plan (2016 Masdar Blogging Contest Entry)

To transition to a low-carbon society requires that the playing field for global businesses first be leveled. Implementing a predictable, escalating, long-term carbon tax that increases over time gives businesses the ability to calculate the cost impact the carbon tax will have on the bottom line over time. This enables each business to determine when investments to reduce carbon generation make business sense, allowing for the forecasting and implementation of projects which will help businesses to avoid future tax increases. Ramping the tax up to full effect over the next 5 years allows sufficient time to plan and to act. Further, this sets a precedent for the taxation of carbon and sets a firm foundation moving forward in the event that emissions need to be taxed further to meet regional, national and global reduction targets.

Full article: http://cleantechnica.com/2015/12/26/implementing-carbon-t...

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