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Carbon Tax: case of Denmark

One way, are carbon credits, voluntary or not. And another way are carbon taxes. Here the transcription of a quick video by the World Economic Forum.

  • Denmark just introduced the world’s strictest carbon tax

  • It could slash the country’s CO2 emissions by million tonnes a year

  • Companies will have to pay $159 for every tonne of CO2 they emit

  • That’s an extra $53 per tonne

  • On top of the $106 levied by the EU’s emissions-trading scheme

  • But how the carbon tax work?

  • The aim is to make companies pay for the climate damage they directly cause …

  • By their use of fossil-fuel energy

  • This incentivizes companies to clean up their act

  • A global carbon tax could reduce overall emissions by as much as 12,3%

  • Experts say carbon taxes pay for themselves, too

  • A levy of $49/tonne would generate $2.2 trillion for the US by 2028 …

  • According to a report by the US Treasury

  • And by reducing emissions today …

  • The tax can soften the impacts of climate change tomorrow

  • Saving money that would otherwise be spent on response and adaptation

  • 28 countries have so far implemented a carbon tax

  • But this approach has its challenges

  • Experts say these taxes can disproportionately hurt poorer people

  • They can be politically difficult to implement

  • And they only target one source of emissions: Fossil fuels

  • What do you think about carbon taxes ?

Click below for the quick video (in English). By the way, Brazil has already something similar (repeat, similar): have you heard about CBIOS. See this recent post.



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 CARBON CREDIT MARKETS

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

“I am among those who think that science has great beauty”

Madame Marie Curie (1867 - 1934) Chemist & physicist. French, born Polish.

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