Carbon Tax Vs Climate Change

Great Essays
What a coincidence that after the American Industrial Revolution in the 1760 's-1840 's, 40 years later the Earth began to warm up. The Earth begins to warm up due to the amount of carbon dioxide that is released to the atmosphere. During this time period to this day, humans have destroyed the environment and have replaced them with industries, houses , and etc increasing the amount of carbon dioxide rapidly. This new change has erupted various catastrophic consequences such as climate change, that we are facing to this day. These destructive impacts are now reaching alarming rates and the government has come up with two solutions, cap and trade and carbon tax. Climate change, a consequence of global warming that has been haunting us ever …show more content…
In my opinion, the carbon tax is the best option for not only our nation, but for the whole world to reach our goal to lower our carbon emissions. The way the carbon tax method functions is that it proposes a tax to companies or businesses that produce oil, coal, and etc. These companies produce vast quantities of carbon, which is why they are the ones being taxed for polluting our atmosphere. This will encourage these businesses to stop using nonrenewable energies(fossil fuels). On a comparison chart from Greenhouse Tax Versus Greenhouse Cap and Trade, carbon tax was the winner in the majority of the comparisons. In one argument the carbon tax method won because the cost on emissions will have a greater impact and will inspire the community and businesses to convert their forms of electricity into renewable energies, such as, solar panels, wind energy and etc. this will help accelerate lowering the carbon …show more content…
One being that the system can be worthless if the emissions are measured properly, accurately, and cheaply. If it is not done as described, the costs of measuring will be greater than price of the allowances(permits) making the system unproductive because the government will be losing money instead of gaining. Also, this has another consequence to it, if this happens to the system of cap and trade, time was wasted and the climate change will worsen because more carbon was emitted to the atmosphere during that period. Therefore, this system was merely a distraction and it can be avoided by simply choosing the system of carbon tax. In addition, another disadvantage is that some individuals believe that politicians may “haggle” or negotiate over some elements of the cap and trade system making it ineffective. For instance, the cap may be settled randomly without any calculation or that a year to meet the goal won 't be set. Another disadvantage is that in the view of a philosophic, the cap and trade system is giving companies and businesses the “right” to pollute our planet, as if pollution was an item they can

Related Documents

  • Superior Essays

    Yes. A well designed cap and trade system and carbon tax both have the potential to cut emissions cost effectively in line with climate and energy objectives while offsetting the disproportionate impact of higher energy prices. However, with the cap and trade system, the price of carbon emissions may be more than the estimated benefits of carbon emission abatement. The cap and trade system would also be more difficult to implement, as there is the additional process of allocating a carbon emission allowance. Increasing the gasoline tax is also not as effective as the carbon tax.…

    • 1324 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    “While a carbon tax provides a high level of price certainty that facilitates long-term economic planning, cap and trade will always provide a price signal consistent with the ongoing cost of actually meeting the emission reduction targets”(USCAPs Issue Brief "Cap and Trade vs. Carbon Tax", 2009). Finally, it is an opportunity for companies when they can reduce CO2 emission because they can sell their unused credit portions of CO2 emission to other companies who struggling with the pollution problem, this can reduces the overall cost to society of the legislation, creating a more efficient system in economic terms (Editor, 2015). It is because of these effective outcomes that makes cap and trade so…

    • 737 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    What makes fossil fuels a big cause of global warming is the burning of fossil fuels. When people burn fossil fuels it sends out large amounts of Carbon Dioxide into the air. Carbon dioxide is bad for the Ozone layer, it causes sun rays to heat up the earth even more. Another leading cause of global warming is those devices that get us around town, vehicles. Vehicles are a big leading cause of global warming.…

    • 2012 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    Global Warming Is Real

    • 1010 Words
    • 5 Pages

    GLOBAL WARMING Global warming is a gradual rise in the average temperature of the earth’s oceans and its atmosphere which results to permanent climatic changes. Many discussions and debates have arisen on whether global warming is real or not. Some people have been referring to it as a hoax but according to climate scientists’ facts and data, it is very right to conclude that global warming is real. These scientists have analyzed that over the last one hundred years, the earth’s average temperature has risen by about 0.6℃ . Another important term to note while dealing with global warming is greenhouse effect which is the process by which the earth’s atmosphere gets more gases and other substances that make it thicker and thereby making it to…

    • 1010 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    There are pros and cons over implementing carbon tax in some countries since this policy have benefits and drawbacks. According to Baranzini et al. (2000, cited in Lin and Li, 2011), one of the benefits is that carbon tax encourages the polluters (firms and households that contribute the production of carbon dioxide) to substitute the use of fuel products which results in changes of the structure of energy production and consumption. Moreover, it generates energy efficiency; higher tax will drive the polluters to reduce their consumption of fossil fuels and therefore creates energy saving. In addition to the positive impacts of carbon tax implementation, it promotes the development of renewable energy.…

    • 587 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Carbon Tax Benefits

    • 1106 Words
    • 4 Pages

    David Suzuki once said, “Some solutions are relatively simple and would provide economic benefits: implementing measures to conserve energy, putting a price on carbon through taxes and cap-and-trade, and shifting from fossil fuels to clean and renewable energy sources.” In this quote, Suzuki suggests that there are many solutions to help vanquish detriments to our environment while benefiting the economy. Currently, the United States Federal Government is considering adopting a nationwide carbon tax. If the United States started taxing carbon emissions it would immensely benefit our environment. We would then start to see global warming and other environmental harm decrease and slow down. Since releasing carbon into our atmosphere would cost companies a vast amount of money, most organizations would be forced to switch to alternative resources to save money.…

    • 1106 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Greenhouse gases are the main cause of global warming. Human beings have raised carbon dioxide in the atmosphere with their activities, such as deforestation, and burning fossil fuels. The other major causes of global warming is population growth, pollution, and industrialization. These changes are resulting rise in sea level, melting glaciers, damage of the ozone layer, unseasonable rains, and also increasing many other environmental problems. Impacts of global warming can be seen in countries like Australia and New Zealand.…

    • 730 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    This will create much less of a need for fossil fuels, which is the main reason that the atmosphere is deteriorating as fast as it is now. Another big step that we need to make is to use renewable energy for electricity. Some examples of these are using wind, solar, and biofuels for electricity. People may say that these forms of energy are too expensive, but this is wrong if you look at the big picture. Solar and wind energy are definitely more expensive in the beginning, but the savings that are created over many years actually end up less costly.…

    • 942 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The more the factories burn fossil fuels the more pollution it will cause, meaning more greenhouse effect due to the waste gases that is produced, which can cause a climate change. To reduce the burning of fossil fuels, we should take energy saving in consideration. This is why energy saving in my opinion is the easiest way that we can do to help reducing global warming. One of the best ways we can do that is by replacing our old regular incandescent light bulbs with compact fluorescent light bulbs (cfl), since CFLs use 60% less energy than a regular bulb. Also we can turn off the lights and electrical devices that we are not using.…

    • 1000 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Climate Change, Fact or Nonsense Climate change is a continually rising hot topic among our society and many believe if we do not act now it will be irreversible. Since the early 20th century, average temperatures have increased 1.4°F. Atmospheric levels of greenhouse gases have increased over this time period as well. Both sides in the debate over global climate agree on these points. The debate today seems to lie not only whether global warming is real or not but if humans are to be held responsible for the changes in climate.…

    • 1009 Words
    • 5 Pages
    Improved Essays