Carbon Tax is a tax levied on the carbon content of fuels, a kind
of carbon pricing. Carbon is present in every hydrocarbon fuel and
releases CO2 when combusted. This fee is intended to make users of fossil fuels pay for the damage the fossil fuels have on the environment. This would motivate users to switch to a cleaner alternative for energy that is renewable and green compared to that of fossil fuels. Carbon Tax offers social and economic benefits as it would increase revenue without altering the economy while simultaneously promoting other fundamentals of climate change policy. The main fossil fuels consist of coal, oil and natural gas, out of which, natural gas has the highest hydrogen per carbon ratio making it the least carbon intensive fuel, while coal is the most intensive. When these fuels are burned, CO2 is released into the atmosphere and remain local there, trapping and re-radiating the heat from the sun onto Earths surface causing global warming, this is know as greenhouse effect. Today, we know what the carbon content of each fossil fuel is, from lignite coal to petroleum products, therefore, we can precisely
charge each carbon based product according to their impact on the
Earth, making Carbon Tax a legitimate proposal for the future of the US. Many countries have already implemented some sort of carbon tax or energy tax, however, the main producers of carbon emissions are the US, Russia and China, all whom have rejected the carbon tax idea due to profit complications and government corruption. This ties into my theme because Carbon Taxing could be the solution to climate change. Although Carbon Taxes cant primarily change the effects of global warming, it could prevent further degradation of the Earths climate. This could lead to positive growth for Earths ozone, allowing for ozone to re-form in areas with high deviations leading to an optimistic future for global warming. This wouldnt only effect developed countries but would allow for redistribution of natural resources among the Earths surface permitting indigenous peoples such as the Warlpiri, to have a hopeful future where developed countries would no longer intrude on aboriginal habitats. This would allow for the indigenous people to return to a normal lifestyle where they would no longer have to compete with western societies for natural resources.