Carbon tax: Who will be affected and how? via TheCitizen_News
Many countries, notably in Europe, have embraced the concept of paying for greenhouse gas emissions faster than others. However, Zollner explained that we are all part of the global trading system, and therefore if one country defaults, it sets back international efforts to curb emissions.
“It won’t affect every single business. It’s only those companies who in this phase of the Act have direct control and majority ownership in the production plant. It does not apply downstream,” he explained. Zollner said that carbon tax and the importance of addressing climate change has been significant for a while.
But most importantly, Zollner said that phase one allows for crucial time for the Act to be understood, by industries and government. He said even the concept of obtaining credits for sustainable practices would need some time to get used to and understand.
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