Dear MEL School’s
Topic Readers,
Minimum CO2 price
of $32 needed to curb warming, study shows.
Price for CO2?
This title might make you wonder who is selling or buying Carbon Dioxide, which
doesn’t seem to have tangible value or benefit to anyone but harm to the
environment.
The price of
carbon is set as a tax on emissions or a cap-and-trade mechanism that business
entities are allowed to sell their unused allotments by reducing the total amount
of CO2 created by their business operations and activities. These could include
not only direct gas emissions but also any carbon footprints in their entire business
processes, such as storing, packaging and transportation.
Therefore, if such
market price goes up, companies are more motivated to reduce their emissions.
The harder and more efficiently they work, the more benefit they will enjoy
economically and environmentally.
Enjoy reading and
learning this economic stimulus plan to reduce the impact on global warming.
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