Print Friendly, PDF & Email

What do you understand by carbon tax? Discuss its benefits in the current times to India specifically.

Topic : Conservation, environmental pollution and degradation, environmental impact assessment.

4. What do you understand by carbon tax? Discuss its benefits in the current times to India specifically. (250 words)

Reference: The Hindu 

Why the question:

The question is based on the topic of Carbon tax and its significance.

Key Demand of the question:

Explain in detail the concept of Carbon Tax and discuss its benefits in the current times to India specifically.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

Define what carbon tax is.

Body:

A carbon tax is a tax levied on the carbon content of fuels, generally in the transport and energy sector. Carbon taxes are a form of carbon pricing. The term carbon tax is also used to refer to a carbon dioxide equivalent tax, the latter of which is quite similar but can be placed on any type of greenhouse gas or combination of greenhouse gases, emitted by any economic sector.

Explain in what way putting a price on carbon is widely seen as the most cost-effective and flexible way to achieve emission reduction.

Discuss that globally there is consensus that Carbon Pricing, would facilitate compatible emission pathways, increase investment and innovation in clean technology, promote achievement of the Sustainable Development Goals through channeled financing, generate revenue for aiding vulnerable communities, managing the economic impacts of a low-carbon economy, create environmental, health, economic, and social co-benefits, ranging from public health benefits coming from reduced air pollution to green job creation.

Present the case of India.

Conclusion:

Conclude with way forward.