6 Alternatives for Carbon Tax

Select the solution that works best and impact least on the economy

Photo by Nataliya Vaitkevich from Pexels

Here in this article, I discussed the below-listed subtopics.

• What is carbon taxation?
• What is the current carbon tax rate worldwide?
• What will happen if you don’t pay the carbon tax?
• Why the need for an alternative to carbon taxation?
• What are the alternatives to the carbon tax?

What is carbon taxation?

The carbon tax is an environmental tax that has more of a focus on the production of carbon dioxide than the consumption of it. Countries that have imposed a carbon tax either do not tax individuals for their emissions or have a separate charge. In both cases, the tax is based on how much carbon an individual or company produces, depending on what system they employ. It can do in different ways, such as having a set amount that applies to everyone, allowing to buy permits for a certain number, or a percentage rate charged according to how much someone produces in a year.

What is the current carbon tax rate worldwide?

There are now 27 countries implemented carbon tax across the world. They are Argentina…