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Carbon Taxes - Elements, Considerations & Objectives (Hardcover)
Loot Price: R3,341
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Carbon Taxes - Elements, Considerations & Objectives (Hardcover)
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The federal budget deficit has exceeded $1 trillion annually in
each fiscal year since 2009, and deficits are projected to
continue. Over time, unsustainable deficits can lead to reduced
savings for investment, higher interest rates, and higher levels of
inflation. Restoring fiscal balance would require spending
reductions, revenue increases, or some combination of the two.
Policy-makers have considered a number of options for raising
additional federal revenues, including a carbon tax. A carbon tax
could apply directly to carbon dioxide (CO2) and other greenhouse
gas (GHG) emissions, or to the inputs (e.g., fossil fuels) that
lead to the emissions. Unlike a tax on the energy content of each
fuel, a carbon tax would vary with a fuel's carbon content, as
there is a direct correlation between a fuel's carbon content and
its CO2 emissions. This book examines the carbon tax debate as a
deficit reduction tool with a focus on policy design
considerations.
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