Carbon Tax On Fuels: India’s New Initiative
Main Article Content
Abstract
India is the third-largest emitter of Greenhouse Gasses in the world, and about 57% of the deaths which occur in India are directly caused because of increased air pollution levels. The devastating effect which global warming is having on our climate and in turn on the India economy is now directly visible, and it is becoming more and more urgent that these emissions are reduced to stop us from exerting so much pressure on the planet. A carbon tax has proven to be one of the most successful and cost-effective methods of curbing pollution globally. At present India has only levied carbon tax on coal at Rs 400/ton while major emitters like diesel, petrol and other fuels are not yet covered. The present paper makes an attempt to determine the carbon tax rate that can be imposed on the various categories of fuel and the amount of revenue that can be generated from the imposition of carbon tax rates from each category of fuel.
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.