Carbon Tax Overhaul: Tackling Climate Injustice and Empowering Marginalized Communities
The article discusses the urgent need to limit global warming to 1.5 degrees Celsius by regulating greenhouse gas emissions more effectively. It suggests that using taxes to make activities releasing these gases more costly can help address climate change and reduce its impact on low-income groups. The current tax system doesn't fully achieve these goals. By using a specific tax credit for capturing and storing carbon dioxide and recognizing the regressive effects of failing to act on climate change, the article argues for combining green policies with progressive outcomes to effectively tackle climate change and its unfair consequences.