The Center for Climate and Energy Solutions states that, “The predominant greenhouse gas produced by humans is carbon dioxide.” Carbon dioxide largely results from burning fossil fuels. For example, a carbon tax would foist a charge on petroleum, coal, and natural gases in proportion of the amount of carbon dioxide they emit into the air after being burned. Therefore, the tax would progress onto the price of energy-intensive goods, petroleum products and most importantly, electricity. We can also take a look at how the carbon tax drove energy prices drastically in Australia after it was implemented, which caused them to repeal the doctrine in
The Center for Climate and Energy Solutions states that, “The predominant greenhouse gas produced by humans is carbon dioxide.” Carbon dioxide largely results from burning fossil fuels. For example, a carbon tax would foist a charge on petroleum, coal, and natural gases in proportion of the amount of carbon dioxide they emit into the air after being burned. Therefore, the tax would progress onto the price of energy-intensive goods, petroleum products and most importantly, electricity. We can also take a look at how the carbon tax drove energy prices drastically in Australia after it was implemented, which caused them to repeal the doctrine in