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A carbon tax is a policy tool that places a direct price on carbon emissions, encouraging reduction efforts across industries. Here’s a summary of countries with a carbon tax implemented in at least one sector:
- Countries with a Carbon Tax: Several countries have adopted a carbon tax as part of their environmental policies, including Argentina, Chile, Colombia, Estonia, Finland, France, Latvia, Mexico, Netherlands, Norway, Poland, Portugal, Singapore, Slovenia, Sweden, and the UK. These nations are leveraging carbon taxes to curb emissions across different sectors of their economies.
- Sub-national Carbon Tax: Canada has implemented carbon taxes at the provincial level, reflecting a decentralized approach where individual provinces regulate emissions based on regional priorities.
- Countries without a Carbon Tax: Many countries, particularly in regions such as Asia, Africa, and parts of Europe, have yet to adopt a carbon tax. This includes countries like Australia, Brazil, China, Germany, India, Saudi Arabia, USA, and others.
This overview underscores the diversity in carbon tax policies worldwide, with some countries taking strong fiscal measures to combat climate change, while others explore alternative or supplementary approaches.
See also:
The Largest Carbon Capture Countries 2023
Carbon Emissions Trading System (ETS) by Country 2024
Carbon Crediting Mechanism by Country 2024
Canadian GHG Emissions by Sector 2005, 2019-2022, 2030
Large Emitters – Canadian Carbon Tax
Canadian Provincial Carbon Schemes
Canada’s Carbon Price Impact on Natural Gas 2022-2030
Carbon Tax Rate and OBPS Impact on AECO-NIT 2022-2030
Federal Backstop Carbon Tax Rate Impact on Natural Gas 2020-2030
References:
World Bank Group