Author: Ramisa Anjum (Page 4 of 5)

                   More than decades of carbon emissions are affecting the Earth’s atmosphere, causing global warming and climate change, to control this an economist came up with the idea of carbon pricing. Carbon pricing is a method to help reduce the carbon footprint made by stupendous companies, those which belch 71% of all carbon dioxide in the atmosphere. Carbon pricing aims to preserve the environment and narrow the cause of climate change as well as to minimize the use of fossil fuels. The damage done by greenhouse gases is reversible by higher carbon pricing, which helps in limiting carbon emissions. Fundamentally, the government sets taxes upon the industries and individuals who burn fossil fuels. Carbon price uses market systems to offset the costs of emissions to the marketers. It requires individuals and businesses to produce fewer emissions. According to the specialists, it is progressing investment in equipment and technology innovations. As expensive as the carbon tax is, consumers and companies will be more careful about carbon emission and use it efficiently. The manufactures are finding new ways to use technology and products that produce fewer carbon emissions. Furthermore, This is encouraging the market to shift to clean energy and driving innovation in low energy technology. Similarly, complementary renewable energy and energy efficiency policies are important for streamlining emission expenses.

Laws and regulations restrain carbon emissions from the economy. These laws set a fee per ton of carbon emission from the entire economy. The owners of the taxable emission are bound to pay compensation, equal to a total load of carbon emission. Those who can overcome the emission will supersede in paying less tax payment. Moreover, hybrid approaches include programs to ensure that the prices don’t go too expensive nor drop; this can circumscribe how prices can alter. This hybrid approach assure the taxes are settled and the mitigation of emissions meets the goal. Nevertheless, the carbon pricing programs are managing energy efficiency policies; such as renewable electricity standards and transportation fuel. These policies include petrol taxes, segregation taxes for coal mining and the social cost of natural gas and oil, the carbon drilling from the ground is an indication of other ways of obliquely concluding the price of carbon in whereby the consumer and company make their decision to use it. Based on the reference the carbon tax and the trading system work in the same way; one determines the price of the emission and the other determines the level of the emission. The level of the tax rate whether it increases or decreases over time which drives the emission that is deducted. If these approaches are well strengthened later it can accommodate strong carbon pricing which can efficiently reduce the emission. Overall, performing carbon pricing doesn’t only benefit the environment but the economy as well.

The prime reason behind the carbon tax is to guarantee that organizations or companies that emanate enormous measures of CO2, diminish or excrete their carbon footprint, limiting contamination of the atmosphere and the impacts of a worldwide climate change simultaneously. At the point when everybody participates in this purpose, whatever harm the Earth is encountering right now can be depreciated and be ready for mending. Probably at that point, nature would last more and the future generations would have a planet to live in for the following centuries. Additionally, since carbon taxes induce a surge in business’ overheads, most organizations are coaxed to find more alternatives and productive ways of manufacturing products and providing services. For instance, with supplementary carbon taxes, it will be helpful to expand hydrogen engines and solar power which can power all cars electrically. With higher taxes, it will make solar power even more competitive than traditional fossil fuels. This would allow more feasible ways to generate electricity from green power sources such as solar power and wind power. As more green sources are developed it will likewise make us less reliant on oil and compel us to deviate away from the oil economy. The transition to the post-oil economy would be easier for all. Moderately than relying upon atomic power and fossil fuels, electricity will be formed from alternative sources, which is a lot more eco-friendly.

A carbon levy can support increment revenue fundamentally. In a report by the Congressional Spending Office in 2011,” a $20 per ton carbon assessment would raise almost $1.2 trillion throughout the following decade”. This certifies that this method is a lot more beneficial for the economy but imposes dilemmas toward other things. This will open a lot of chances to deliver green power that will explain any vitality need that is not so much feasible but rather more damaging to nature. This could support a developing growing green movement and a similar revenue can be utilized to fix any harm brought about by contamination issues. This policy can inspire people to be less dependent on oil and fuel for their daily needs.

It is impossible to shift it to no producing CO2 and even businesses can shift themselves in without a carbon tax. It’ll impact the employees. According to the expert, when an organization transfers the workers will lose their job. Besides, a carbon tax is extremely costly, the government would need a large amount of cash to execute this however even if it is contrived by collecting funds it wouldn’t be possible because this requires additional time, exertion, and cash to regulate it properly because it would need money. Besides some businesses would use large amounts of CO2 but it wouldn’t show on the system in this way they can escape from paying and also this would cause more damage to the environment. Carbon pricing rise the cost of fossil fuels for good and service production. It might not be problematic for the high-income households or businesses but it’ll impact the low-income households because they won’t be able to afford the higher cost of the carbon tax.

Critics argue that carbon price isn’t working because it isn’t improving the environment but emitting carbon emissions more than ever. More governments than any time in recent are forcing costs on carbon, even as U.S. President Donald Trump retreats on global warming. Still, there are more carbon emissions on the planet then it was before. A year ago, the world’s energy-related greenhouse gas output which has been on an even level has increased so high and it’ll keep ascending through at any rate by 2040. Subsequently, if the government input more effort by creating carbon pricing high enough which could be affected enough for the economy and which could’ve also brought real changes toward the environment. But the government is more concerned about politics which is provoking the carbon pricing to be too low and too high. Plus, the policymaker is lacking carbon pricing high which induces current carbon pricing to only work for a certain sector of the economy but leaving others to pollute the environment. Even though people are striving to fight off climate change it is not improving at all due to these vulnerable policies. However, a $30 carbon charge is identified with an approximately 6 percent expansion in GDP. In any case, it appears to be reasonable to notice that GDP has not been much affected by carbon pricing. The revenue is intended to be impartial with some of the income acclimated with lower individual and business tax rates. This could upgrade the effectiveness of the economy and its growth. The revenue is coordinated to lower‐income families. There will be an increase in personal consumer spending this could also strengthen economic development in the short-run.

A carbon tax on carbon emissions will have to be spent on economic growth. The Citizen Climate Lobby proposes a $15 fee for carbon dioxide which is increasing by $10 per year and this will allow us to return the equal amount of net fee for all American households. In this way, it is not only helping to reduce the emission, but it can also generate substantial financial benefits. The economic effects of these benefits, a carbon fee can be divided into two types: direct economic benefits and indirect economic benefits.

An effect of the carbon tax is that the prices of products will go up. In the first year, the carbon tax was introduced at $15 per metric ton, gasoline prices will increase by 16 cents per gallon, natural gas by 19 cents per therm which is a 7.4% increase, and electricity by 0.6% to 1.1% per kilowatt-hour. According to the source without the dividend, the increasing price will prolong the products and services as well as individual fuel demand which could affect the economy due to the lower cost of American goods and lower demand The dividend created by CCL is very helpful for families across America because per month families of four receive an initial discount of $300. Considering the additional costs due to taxes, 53% of households will receive more than their expenses as a result of the dividend, and those families who have benefited will earn an average of $192 per month. As a result of this dividend, 53% of households will receive this extra money which will increase their spending and this spending will be profitable toward the GDP.

A carbon tax corrects the negative externalities linked with carbon emissions. supported the source, the negative externalities connected with carbon emissions and their co-pollutants like gas and inhalation anesthetic which affect not only the environment but human health. Further, these cause major health risks like lung and cardiomyopathy from burning fossil fuel together with the acidification of the soil and the ocean. Thus, these negative externalities have an outsized impact on GDP because to repair these damages requires additional spending. The acidification of the ocean will need lots of labor within the fishing industry. Also, soil acidification will cause a reduction in crop output. Moreover, the carbon price is correcting the prevailing market failures between carbon emissions and its disadvantageous effects on society and also the economy. Indeed, in line with a report within the New Climate Economy net economic costs are reduced and eliminated once multiple benefits of reducing gas emissions are considered, even without a revenue recycling system. Above all, the dividend is going to be more beneficial for low-income and poor families.

Implementing carbon pricing can accomplish both climate and economic benefits. With the tools and policies, a carbon tax can grow and enact accordingly toward these flexible policies that can be beneficial not only for a country but also for the world. A well-designed carbon tax can help reduce a large amount of GHG emissions and undoubtedly it’ll reduce climate change but it’ll boost jobs and GDP. Carbon pricing policies cause a shrinkage in the combustion of fossil fuels. If it is effective carbon pricing implemented then the low-income and vulnerable people won’t be affected by it and they can be encouraged to bring changes in their daily activities which entails emitting carbon emission through using vehicles, etc. Nearly everyone concurs that putting a price on carbon is significantly essential. Our future generation needs this planet to live and even though there is little change we can improve the earth’s environment by reducing carbon emissions yet it can bring a drastic change for future generations.

Works Cited

BRAD PLUMER and NADJA POPOVICH, (APRIL 2, 2019) “These Countries Have Prices on Carbon. Are They Working?” https://www.nytimes.com/interactive/2019/04/02/climate/pricing-carbon-emissions.html?searchResultPosition=20

 Brandon Miller, (May 30, 2015). “8 Main Pros and Cons of the Carbon Tax”.
https://greengarageblog.org/8-main-pros-and-cons-of-the-carbon-tax

Carbon Pricing 101 (Jan 8, 2017). Union of Concerned Scientist. https://www.ucsusa.org/resources/carbon-pricing-101
G. Metcalf (Feb. 24, 2019). “On the Economics of a Carbon Tax for The United States” https://www.brookings.edu/wp-content/uploads/2019/03/On-the-Economics-of-a-CarbonTax-for-the-United-States.pd

J. Siegmeier, L. Mattauch and O. Edenhofer (2018). “Carbon pricing can spur economic growth more than we thought, says new research” https://www.oxfordmartin.ox.ac.uk/news/2018-news-carbonpricing-economy/

KIMBERLY AMADEO (August 01, 2020). “Carbon Tax, Its Purpose, and How It Works”. https://www.thebalance.com/carbon-tax-definition-how-it-works-4158043

WHAT IS CARBON PRICING?. (2018). Carbon Pricing Leadership Coalition. https://www.carbonpricingleadership.org/what

Why Carbon Pricing Isn’t Working. (July/August 2018). JEFFREY BALL.
http://jeffreyball.net/by-jeffrey-ball-why-carbon-pricing-isnt-working-foreign-affairs-julyaugust-2018

I’m interested in carbon pricing because more than a decade of carbon emissions are impacting the Earth’s environment, prompting global warming and climate change to regulate the idea of carbon pricing which economists have established. Some don’t understand how destructive carbon emissions are impacting us and our generation. Cabron Pricing will not only eliminate the use of greenhouse gas but will help consumers realize the importance of reducing and changing their everyday use in an efficient way. There are several ways to tackle climate change, but that will not start changing until people contribute to less use of carbon emissions. It’s genuinely important for everyone to acknowledge that our generation needs this plant to live.

• BRAD PLUMER and NADJA POPOVICH, (APRIL 2, 2019) “These Countries Have Prices on Carbon. Are They Working?”   https://www.nytimes.com/interactive/2019/04/02/climate/pricing-carbon-emissions.html?searchResultPosition=20
• Carbon Pricing 101 (Jan 8, 2017).  Union of Concerned Scientist. https://www.ucsusa.org/resources/carbon-pricing-101
• J. Siegmeier, L. Mattauch and O. Edenhofer (2018). “Carbon pricing can spur economic growth more than we thought, says new research” https://www.oxfordmartin.ox.ac.uk/news/2018-news-carbonpricing-economy/
• WHAT IS CARBON PRICING?. (2018).  Carbon Pricing Leadership Coalition. https://www.carbonpricingleadership.org/what

I Belong to a conservative family. I have a huge family and everyone obeys my dad a lot. To him, education is important. “Your dad struggled a lot to complete his education,” said mom. I have grown up seeing Dad telling my cousins to study hard and become an independent person. I have seen him struggled for family and us. He has always been my role model. I never cared much about education before because I assumed it was pointless if we can’t remember anything while growing up. I also thought education doesn’t teach us anything which we can apply in real life. However, since education is important to dad, I only considered it for him.

The education system in Bangladesh is very despicable. In spite of that 11 years of educational life in Bangladesh where the students are expected to memorize the textbook and copyright the exact thing on the exam and if not done properly face punishment, and this minimizes the growth of the students’ own knowledge and ideas. With, this strict education system in Bangladesh where I did not have the freedom to express my ideas on the subjects. The word “fun” never existed in the Bangladesh education system.

After the short summer break we returned to school, I forgot to complete my Social Study homework. The following day the teacher called me to show my homework I stood up from the chair my eyes were on the floor, as she got up pushing the chair behind, my heart was pounding as if I am running a marathon, she walked to my table “You know the punishment come’ on show me your hand”. I hid my hand on the back but she refuses to see the fear in my eyes instead she pulled my hand aggressively and hit me with a steel ruler which left an unforgettable mark on my hand.

Immediately, Mom & Dad appointed a tutor to come after school to supervise me with the school work. Soon after I was going to take the final exam for 5th-grade, the tutor stayed for extra hours making sure I understand the materials, and if not she would also punish me. The next day, dad cut off the Tv line and restricted me to not to attend any family gathering or weddings. On the result day, dad rushed to my room “You have passed with an A+”. “Yayyyyy that’s good news,” I said. The sparkle in his eyes was satisfying to see but as soon as he left the room I felt devastated. In between the time of studying in Bangladesh has pushed me toward hating education more and more. I lost the interest in leaning anything or focusing though, I had no option but to continue to tolerate the torture until dad decided to move to the USA.

At the age of 14, I move to the USA. In the meantime, at the Airport while I closed my eyes I overheard dad say, “I am taking them to the USA for their better education and future, I hope my decision proves to be right”. The words from him planted new hopes in me but, the only thought was bothering me was “will my preference for education change?”. Soon after I was enrolled in school, on my first day, my hands were shaking as I was walking into the school. Although I was nervous, I was optimistic that something better waiting for me. I knew it would be difficult for me to adapt to the new environment.
“Hey, what’s your name?” a girl asked. I told her and she asked me a few more questions; however, I couldn’t answer her questions since I didn’t speak English. On the first day, I was admitted to ESL class, little by little the teachers would help me learn English and better me if I would make a mistake. The gesture I was receiving from them motivated me. Suddenly, every day I would wake up early in the morning and then walk to school with Kelly. She was the only one who was helping me adapt to the environment. The freedom of expressing my thoughts and ideas in writings and other materials was very nice, but the challenges were yet to come. Each time I was told to write something in my word I would take out a pencil to write the but the only two words were on the paper was my name. Many years of studying in Bangladesh left dust to set on my mind, I was confused about where to begin or end. For being a new student in the country, I didn’t have to take the state tests.

In 2016 I started High School yet, I was very uncertain of the new turns that were ahead of me. Somewhat I was being able to move forward until I was cast down with the exam called the SAT, I did not hear of this test till the sophomore year of high school where I got to know that without this exam I won’t be able to attend good colleges and instantly I felt more stressed than before. Several questions were roaming in my head, “What if I do not get a good score? How will others and my family view me if I don’t do good on this exam?” Then the wave of receiving the extra time privilege strikes me. The following day I ran to the Assistant Principle office “Mr. since I receive extra time in regents, I may get extra time in the SAT as well”.
“I am sorry Ramisa, but the college board isn’t allowing you to have extra time,” he said.
On the exam, I sat with anxiety and a shaky hand of not completing the exam on time. Due to the limited time I was impelled to leave over 25 questions on each section of the SAT randomly answered. The old memory of studying in Bangladesh rushed back in me with tears rolling down through my cheek, then I hear a voice “It is just a test it doesn’t measure your intelligence nor as a person” it was then I got the strength to push forward. Despite all the challenges, I graduated from high school. Presently the college is a new journey, there is much more to come within.

Ultimately, education is supposed to be fun and not forced upon anyone. Education is for oneself not for others, throughout this journey I acquired to like education, beyond how it was presented by the system, it has so much to offer and provide opportunities. My educational adversity grew me into a different person, which boosted my confidence and willpower. I didn’t let my experiences hold me back from improving myself. I proved myself to be a strong person who can develop herself despite the obstacles I faced in the past. For me, education isn’t only for my dad but to walk on that path to become an independent woman and successful. Being aware of the value of education is the only ladder to reach my dreams.