The Impacts of Imposing Carbon Taxes on Total Greenhouse Gas Emissions

Abstract

Carbon taxes are widely known as an effective way of reducing greenhouse gas emissions. This tax has been imposed in many countries and made huge progress. This paper focuses on the impacts of carbon taxes on total greenhouse gas emissions and figures out how those impacts are able to benefit the environment, economy, and society. In addition, this paper discusses the solutions to improve the total effect of these carbon taxes. Besides, this paper addresses the viable ways to achieve carbon taxes properly with reasonable approaches. The conclusion drawn from the work is that carbon taxes can potentially reduce total pollution in the future, but it still has some flaws, such as the competitiveness of industries. This paper points out what traits carbon taxes have in both positive and negative aspects. This paper also gives improvement methods for this policy and calls for attention to environmental issues.