This brief outlines the motivation for and key features of a tax designed to reduce emissions of greenhouse gases (GHGs). The two most commonly discussed market-based instruments for reducing GHG emissions are a cap-and trade system and a GHG (carbon) tax. These mechanisms function in a similar way by establishing a price for GHG emissions.

The scale of investment needed to slow greenhouse gas emissions is larger than governments can manage through transfers. Therefore, climate change policies rely heavily on markets and private capital. This is especially true in the case of the Kyoto Protocol with its provisions for trade and investment in joint projects.

Canada's opposition Liberal Party responded to criticism of its carbon tax plan on Wednesday, ahead of a looming election call, promising a total of C$900 million (US$849 million) in tax breaks and subsidies to farmers, loggers, fishermen and truckers.

The "green shift" carbon tax plan, the central election plank for the Liberals, will include tax breaks worth C$400 million for farmers and loggers who buy environmentally friendly machinery, said party leader Stephane Dion.

Green Jobs: Towards Decent Work in a Sustainable, Low-Carbon World is the first comprehensive report on the emergence of a

Bs Reporter / New Delhi August 28, 2008, 0:01 IST

Indian companies and exporters could face serious challenges in operating across the developed countries in future as many of them are considering moves to impose

Maharashtra government's plan of increasing the percentage of forest land cover will cost the citizens dear. The plan will levy carbon cess on motorists for the carbon dioxide exhaled and green cess on municipal corporations for using forest resources for drinking water.

This report describes an evaluation framework for identifying optimal (best overall, taking into account all benefits and costs) transportation emission reduction strategies. Current

Every international report on India says that India should seek options that are proactive in terms of developing international strategies to reduce the risk of destructive climate change. Knowing this, why does the government refuse to do anything to establish alternative sources of energy?

Subhash Narayan NEW DELHI

THE energy coordination committee headed by prime minister Manmohan Singh has suggested imposition of a carbon tax on polluting power stations. The proposal would club India with a select group of countries that tax carbon emissions directly and boost the renewable energy initiative.

The climate-change prime minister loses some green points

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