economics （ Carbon taxes and the Challenges）

1.The Choice of the Topic (10 points)The topic is closely related to the course contents (covering at least one topic taught in class) i. Range 8-10 points •The topic is not closely related to the course contents but it was approved by the instructor in person i.As emphasised by the instructor, the paper must demonstrate your understanding of the course contents. ii.Range: 5-7 points iii.The points you earn here depend on your explanation of the reasons of your choice •The topic is not related to the course contents but it was approved by the instructor in person. i.As emphasised by the instructor, the paper must demonstrate your understanding of the course contents. ii.Range: 3-4 points iii.The points you earn here depend on your explanation of the reasons of your choice •The topic is not related to any of the course contents and it was not approved by the instructor. i. 0 points

Proposal of Term Paper

The topic of this essay is Carbon taxes and the Challenges. In our daily lives, we often see the news about the increase in carbon emissions. Carbon emissions have gradually become a hot topic in society, and it will affect our living environment. Carbon dioxide is currently widely regarded as the main cause of global warming. Many countries have begun to levy carbon taxes, which are environmental taxes levied on the emission of carbon dioxide into the atmosphere. The purpose of the carbon tax is to suppress excessive carbon dioxide emissions into the atmosphere through taxation means, thereby slowing the process of climate warming. The direct taxation system is now applied to several European countries, such as Sweden, the Netherlands and Norway, as well as several states in North America. A carbon tax is a fee imposed on the burning of carbon-based fuels (coal, oil, gas). More to the point: a carbon tax is the core policy for reducing and eventually eliminating the use of fossil fuels whose combustion is destabilizing and destroying our climate. At the same time, the carbon tax is also controversial, and it faces different economic and environmental challenges. A carbon tax that doesn’t automatically adjust to economic signals runs the risk of being a large drag on the economy when it is weak, or failing to constrain GHG emissions increases when the economy is strong. Neither instance is desirable, resulting in undue economic or environmental damage. In this paper, we will discuss the advantages and disadvantages of carbon taxes, and analyze the challenges faced by carbon taxes and whether there are solutions. The paper will give us a better understanding of carbon taxes.