yes, not only tax. but also some more strict regulation must be brought into force... we have already caused a very serious n hazardous effect to our planet EARTH... tnx.
By
dilip gour, NA, ABCABC
| 11 05 2009 17:07:28 +0000
Yes It is a necessity of our times and global situation. but I also strongly feel that these developed countries who have been recklessly giving C out for all these years to boost their economy should bear TAX in ARREARS and shell it out for the benefit of the nations who are struggling to use current technology due to cost That i think is fair
By
Charles davison, Project Manager, Douglas OHI LLC
| 10 21 2009 10:52:12 +0000
Yes, it should be. There are so many legal and illigal factories in India who produce so much of smoke and carbon creating pollution to environment. They have no fear since they needn't pay for what they are doing. If carbon tax is applied on them, then they will be bound to reduce to exhausion of so much smoke which will protect our environment...
By
Sarika Singh, Assistant Professor, BIT
| 10 21 2009 10:39:00 +0000
I heard of one of the project of Shell namely, Carbon Capture and Storage (CCS). CCS is a project to capture industrial emissions and store them in the earth's crust and according to Shell this could cut CO2 pollution by up to 40 percent.The company already has seven test-phase CCS projects underway and is looking to fund future projects through lucrative carbon credits. This is same like pumping CO2 to the reservoir to increase the productivity. But the biggest constraint in CCS is cost and capture of CO2 at the source. Shell's first commercial CCS project, worth more than $2 billion, is under feasibility study at the Athabasca oilsands project in Alberta, Canada. The project, known as Quest, would be led by Shell and include Chevron and Marathon. No deadline is set for an investment decision. source : http://www.planetark.com/enviro-news/item/52772
By
Vijay Raj, Geoscientist, Schlumberger
| 05 11 2009 18:12:10 +0000
Definitely Mr.Vijay,if the government can introduce tax on carbon then not only will industries be reducing their usage of carbon they will also look for alternative sources of energy which will be beneficial for our polluting environment to improve.
By
Dayanand Deshpande, Senior Consultant, Ernst & Young
| 04 27 2009 08:46:31 +0000
Yes Carbon tax is one of two major market-based options to lower emissions, the other being cap-and-trade schemes.
Because the tax makes using dirty fuels more expensive, it encourages utilities, businesses and individuals to reduce consumption and increase energy efficiency. Carbon tax also makes alternative energy more cost-competitive with cheaper, polluting fuels like coal, natural gas and oil.
By
Vijay Raj, Geoscientist, Schlumberger
| 03 14 2009 10:13:46 +0000
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