Vietnam's Carbon Tax Shake-Up: Balancing Emissions and Economic Growth
Vietnam is exploring a carbon tax to lower carbon emissions and improve the environment and economy. Scientists used a model to predict how this tax could affect different industries in the country. They found that higher carbon prices hurt the economy more but reduce emissions better. A tax on energy sectors causes less harm to the economy and welfare, but also lowers emission reductions compared to taxing all sectors. This carbon tax could lead to changes within industries.