Carbon levy pops up in IMF talks
⇑ Your Ad Here ⇑ Carbon levy pops up in IMF talks Governments reluctant to tax firms Introduction: Carbon levy and its importance A carbon levy, often called a carbon tax, is a policy tool designed to reduce greenhouse gas emissions by putting a price on carbon. The concept is simple: Companies or individuals that produce carbon emissions — primarily by burning fossil fuels — are taxed based on the amount of carbon they emit. This economic incentive encourages companies to reduce their emissions by switching to cleaner energy sources or improving efficiency. In light of the global climate crisis, governments around the world are considering or implementing such taxes as part of their environmental strategies. However, the introduction of carbon levies often faces significant challenges, particularly when it comes to the economic implications for businesses and industries that rely heavily on carbon-intensive processes. The issue has become increasingly relevant i...