Carbon taxes can work, but design matters, and must be taken seriously. Learn more about carbon emissions and climate change tax and green tax reforms.
Share
Carbon pricing can be implemented in various ways, including carbon taxes and emissions trading such as credit trading, in which companies exchange credits for carbon cuts. Each method would have a different impact on companies and individuals. AFP
Carbon pricing divides opinion in Japan
Mon, 15 February 2021
To achieve net-zero greenhouse gas emissions by 2050, the Japanese government has begun discussions on carbon pricing, through which polluters would be charged for emitting such gases to motivate companies to reduce emissions.
Carbon pricing is one of Prime Minister Yoshihide Suga’s key policies, and he intends to make it a driving force for future economic growth. However, devising a scheme is expected to be difficult as such initiatives could depress business activity and consumer spending depending on their implementation.