emissions would increase poverty

Redistributing carbon tax revenue to support those disproportionately affected, especially as the taxes ramp up over time, will also help soften the blow. A 2022 study by the German Institute of Development and Sustainability estimated that a carbon tax of US$50 per tonne of emissions would increase poverty by 20 per cent in South Asia without revenue redistribution. But through revenue redistribution, carbon tax could alleviate poverty and reduce inequality worldwide The key to winning support for carbon taxes is effective communication with stakeholders well ahead of implementation through public consultations. Governments should focus on the benefits of carbon taxes for society at large, such as improved atmospheric visibility and quality of life, neutralising the effects on low-income households and the overall economic impact of the green transition. สล็อต เว็บตรง