carbon pricing and taxes

Carbon pricing and taxes refer to policies implemented by governments to place a financial cost on greenhouse gas emissions, particularly carbon dioxide (CO2). These policies aim to encourage industries and individuals to reduce their emissions by making them pay for the pollution they generate. This can be achieved through various mechanisms such as a tax on carbon emissions or a system of tradable permits, where companies must purchase allowances to emit greenhouse gases. The purpose is to incentivize cleaner and more sustainable practices while raising revenue for environmental initiatives.

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