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The Philippines total GHG emissions in 2012 were 157.6 million metric tons
of carbon dioxide equivalent (MtCO2e), totaling 0.33 percent of global GHG
emissions. In the Philippines, 54 percent of GHG emissions came from the
energy sector, followed by the agriculture, industrial processes, waste, and
land-use change and forestry sectors which contributed 33 percent, 8
percent, 7 percent and -1 percent respectively to GHG emissions.
We focus to impose tax to these industries particularly the energy sector
being a main contributor to carbon emissions.
The climate crisis requires that if we do not act now, there will be dire
consequences. Taxes on carbon emission will hold those
businesses/persons (with high carbon emissions) accountable.
The tax will discourage industries which have adverse environmental
impacts, and at the same time encourage these industries to innovate and
seek ways to lessen their carbon footprint.