Carbon Taxing

Carbon taxing is a financial charge applied to companies based on the amount of carbon dioxide they emit into the atmosphere. The goal is to encourage businesses to reduce their greenhouse gas emissions by making it more costly to pollute. By increasing the price of fossil fuels, the tax aims to promote cleaner energy sources and sustainable practices. This mechanism helps combat climate change by putting a tangible cost on the environmental damage caused by carbon emissions, motivating companies and individuals to adopt greener alternatives and reduce their carbon footprint.