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The article discusses the need to incentivize companies to address climate change by measuring their broader impact. The current carbon compliance regime focuses on evaluating companies' ability to reduce their carbon emissions inventory, but it fails to recognize systemic efforts and wider climate impacts. The authors propose a new approach that recognizes and rewards companies for their societal-level climate solutions, such as developing low-carbon products, making sustainable investments, and advocating for climate policies. This approach can mobilize creative and influential individuals within companies and appeal to entrepreneurs in developing markets. However, there is a risk of greenwashing, so guidance is needed to ensure credible claims of impact. [Extracted from the article]

Canada's carbon tax has become as toxic as the fossil-fuel emissions it aims to curb. The federal levy has been 'hailed as a global model of progressive environmental policy', but [...]

Byline: Maritime Gateway The EU has decided to impose carbon tax CBAM from January 1, 2026, on seven carbon-intensive sectors, including steel, cement, and fertiliser. Finance Minister Nirmala Sitharaman said [...]

BY PETER MUGGERIDGE Prime Minister Justin Trudeau spent his summer showing up at as many events, parades, festivals and podcasts as humanly possible. While the Liberal leader is running for [...]

Byline: Maritime Gateway The CBAM is a tariff on carbon-intensive imports, including steel, cement, and certain electricity products, entering the EU. Instead of paying carbon tax to the EU, India [...]

The government is considering implementing a carbon tax on petroleum and similar products in order to secure support from the International Monetary Fund (IMF). This move aligns with the IMF's push for a general sales tax (GST) and aims to improve the documentation and digitization of the economy. The carbon tax is one of several measures being considered to attract international financial support and align future development programs with climate benchmarks. The government is also discussing expanding social welfare initiatives and focusing on digitization and documentation in taxation efforts. The upcoming budget is expected to include fiscal adjustments through additional revenue measures, expenditure rationalization, and privatization. The government has committed to timely gas and electricity tariff adjustments, reducing energy costs, and involving the private sector to address circular debt. [Extracted from the article]

Purpose: Under the carbon tax policy, the authors examine the operational decisions of the low-carbon supply chain with the triple bottom line. Design/methodology/approach: This paper uses the Stackelberg game theory to obtain the optimal wholesale prices, retail prices, sales quantities and carbon emissions in different cases, and investigates the effect of the carbon tax policy. Findings: This study's main results are as follows: (1) the optimal retail price of the centralized supply chain is the lowest, while that of the decentralized supply chain where the manufacturer undertakes the carbon emission reduction (CER) responsibility and the corporate social responsibility (CSR) is the highest under certain conditions. (2) The sales quantity when the retailer undertakes the CER responsibility and the CSR is the largest. (3) The supply chain obtains the highest profits when the retailer undertakes the CER responsibility and the CSR. (4) The environmental performance impact decreases with the carbon tax. Practical implications: The results of this study can provide decision-making suggestions for low-carbon supply chains. Besides, this paper provides implications for the government to promote the low-carbon market. Originality/value: Most of the existing studies only consider economic responsibility and social responsibility or only consider economic responsibility and environmental responsibility. This paper is the first study that examines the operational decisions of low-carbon supply chains with the triple bottom line under the carbon tax policy. [ABSTRACT FROM AUTHOR]

The article focuses on the growing discontent among Canadians regarding the carbon tax and the political implications surrounding it. Topics include Conservative leader Pierre Poilievre's push to abolish the tax, the impact of the tax on shifting to bioenergy and reducing greenhouse gas emissions, and the challenges posed by Canada's energy infrastructure, which is largely dominated by monopolies that limit competition.

This article examines the priorities of business leaders in British Columbia (B.C.) regarding provincial politics. Rather than focusing on balanced budgets, these leaders are advocating for measures to stimulate economic growth, encourage corporate investment, and streamline government approval processes. The article also addresses concerns about B.C.'s record deficit and emphasizes the importance of a strong economy to support communities and higher-paying jobs. It further discusses the policy proposals of the BC Conservatives, including the elimination of the carbon tax, simplifying resource project permitting, and considering nuclear power. The article also touches on the delays and challenges faced by infrastructure projects in B.C., attributing them to lengthy government approval processes and requirements. The BC Conservatives have criticized the government's procurement model and proposed reforms to streamline permitting and approval processes, as well as regulatory changes for LNG production and forestry sector reforms. In contrast, the BC Green Party opposes new LNG projects and advocates for sustainable logging practices. [Extracted from the article]

According to a study published in the journal Nature Climate Change, it is now highly unlikely that the internationally agreed goal of limiting global warming to 1.5°C above pre-industrial levels can be achieved. The best-case scenario is now limiting warming to 1.6°C, with the hope of bringing temperatures back to 1.5°C later in the century using technology to remove carbon dioxide from the atmosphere. The study suggests that even this best-case scenario will require significant political will from higher-income countries. The researchers calculate the chance of limiting warming to 1.6°C at between 5 and 45 percent. However, they emphasize that every tenth of a degree matters in terms of the impacts on society, the natural world, and future generations. [Extracted from the article]

This article discusses the issue of food waste and its impact on the environment, particularly in the dairy industry. It highlights that one-third of the global food supply is wasted annually, and the dairy industry plays a crucial role in diverting this waste away from landfills and converting it into meat and milk. The article also mentions the progress made by the global dairy industry towards becoming carbon neutral by 2050, with carbon credits serving as incentives for farmers to reduce their carbon footprint. It emphasizes the importance of utilizing food waste in animal feed to enhance resource efficiency and mitigate competition between feed and food. The article concludes by suggesting that farmers who utilize human food waste should be recognized for their efforts and that further research is needed to establish criteria for compensating them, especially in the context of carbon tax and carbon credits in South Africa. [Extracted from the article]

The article discusses the development of the Bridge District in Washington, DC, which is a new mixed-use neighborhood that aims to bring thousands of apartments, retail space, and a public-private employment and education center to the area. The Bridge District sets itself apart from other neighborhoods with its focus on sustainability, aiming to achieve LEED-Platinum and ILFI Zero Carbon certifications. The development will feature large buildings with balconies, courtyards, and façade manipulations to create a visually appealing and accessible environment. Additionally, the Bridge District benefits from being located in a federally-designated Opportunity Zone, which encourages tax-advantaged investments and long-term planning. [Extracted from the article]

Wab Kinew, the first First Nations premier in Manitoba, aims to start with a clean slate and move forward with progress. Kinew, who has overcome addiction and legal troubles in the past, wants to navigate reconciliation, carbon taxes, and crime. He emphasizes the importance of listening and talking to people in his various roles, including as a CBC broadcaster and rapper. Kinew is committed to improving healthcare and addressing the needs of Indigenous communities, while also promoting reconciliation and taking a long-term view. He believes that politicians should focus on getting things done and not engage in divisive tactics. Kinew draws inspiration from his Indigenous traditions and strives to be a positive role model for his children. [Extracted from the article]

The article discusses the issue of who should bear the financial burden of climate change events and proposes using a higher carbon tax to offset the costs of necessary adaptation. The authors argue that the current national carbon tax in Canada is not sufficient and may be politically fragile. They suggest dedicating the revenue from the carbon tax to fund adaptation measures, such as maintaining dikes and protecting forests, in order to invoke the "polluter pay" principle. The article also highlights the need for budgeting for climate change costs and suggests breaking from the original strategy of revenue neutrality. [Extracted from the article]

An advisory panel to the COP28 talks in Dubai has recommended increasing taxes on polluting activities and cutting fossil fuel subsidies to generate trillions of dollars for climate change initiatives. The panel also suggested implementing higher carbon taxes, including levies on emissions from the maritime and aviation sectors. The report emphasized the urgent need for new funding sources and highlighted the need to reallocate existing revenue streams. It called on rich nations to triple the volume of concessional loans by 2030 to help poorer countries with climate change. The report also criticized the low levels of private finance and poor cooperation between development banks and the private sector. [Extracted from the article]

For the past year and a half an industry group called the Pathways Alliance has been running national ads claiming oil sands producers are climate leaders 'on the road to [...]

'My job is not to be popular.' Justin Trudeau, Canada's prime minister (pictured), spent much of March explaining himself as he fought a revolt against an increase to the country's [...]

An Introduction by John Richards The Globe and Mail published our oped, reproduced below. Our proposal is to dispense with a revenue-neutral tax that redistributes the B.C. carbon tax revenue [...]

Byline: Maritime Gateway Poorer countries argue that the Carbon tax levied by EU will harm livelihoods and economic growth. The European Union's plan to impose a tax on the carbon [...]

Byline: Maritime Gateway New Delhi is working on its own carbon tax mechanism which aims to penalise imports from developed countries for the historic carbon emission that has played a [...]

The Net Zero Carbon Buildings Standard has been launched in the UK to help the real estate industry meet the country's climate targets. The standard, overseen by Argent chair David Partridge, provides metrics for constructing new buildings that align with net zero carbon goals. It has been published in trial form, with a final version expected in 2025. The standard has been well-received by the industry, although some concerns remain about its implementation and market acceptance. The standard includes measures to reduce both operational and embodied carbon and has the potential to significantly impact the industry's trajectory. [Extracted from the article]

The article offers information on fundamental policies choices, that can determine a practical tax that drive down carbon dioxide emissions. Topics include examines that firms with low costs of reducing emissions cut their releases and sell allowances to firms with high costs, which continue emitting, while the set of participants stays within the limit; and reports on carbon tax that provides greater clarity about the price of emissions, which the business community values.

Purpose: The promotion of new energy vehicles (EVs) is an effective way to achieve low carbon emission reduction. This paper aims to investigate the optimal pricing of automotive supply chain members in the context of dual policy implementation while considering consumers' low-carbon preferences. Design/methodology/approach: This article takes manufacturers, retailers and consumers in a main three-level supply chain as the research object. Stackelberg game theory is used as the theoretical guidance. A game model in which the manufacturer is the leader and the retailer is the follower is established. The author also considered the impact of carbon tax policies, subsidy policies and consumer preferences on the results. Furthermore, the author investigates the optimal decision-making problem under the profit maximization model. Findings: Through model solving, it is found that the pricing of EVs is positively correlated with the unit price of carbon and the amount of subsidies. The following conclusions can be obtained by numerical analysis of each parameter. Changes in carbon prices have a greater impact on conventional gasoline vehicles. Based on the numerical analysis of parameter β, it is also found that when the government subsidizes consumers, supply chain members will increase their prices to obtain partial subsidies. Compared with retailers, low-carbon preferences have a greater impact on manufacturers. Research limitations/implications: The new energy automobile industry involves many policies, including tax cuts, tax exemptions and subsidies. The policy environment faced by the members of a supply chain is complex and diverse. Therefore, the analysis in this article is based only on partial policies. Originality/value: The authors innovatively combine the three factors of subsidy policy, carbon tax policy and consumer low-carbon preference, with research on the pricing of EVs. The influence of policy factors and consumer preferences on the pricing of EVs is studied. [ABSTRACT FROM AUTHOR]

The down-cash-credit method is quite common in today's real-world commercial transactions. In light of existing legislation to decrease carbon pollution, this research aims to investigate how down-cash-credit payments impact business strategies for perishable items in the context of the most commonly utilized carbon tax legislation. Specifically, this article demonstrates an inventory system from the buyer's point of view in which (a) the demand curve is determined by the price, displayed volume, and frequency of advertisement, (b) the product is constantly deteriorating, (c) the supplier provides one of the frequently utilized down-cash-credit payment methods, and (d) the buyer gets taxed at a consistent rate for each ton of carbon emissions. Moreover, the goal of pharmaceutical stores is to optimize overall profit by simultaneously determining order cycle, price, and frequency of advertisements. Finally, the theoretical results are validated by solving two numerical illustrations and conducting a sensitivity analysis of the main factors resulting from the following managerial implications: (a) credit pay provides the minimum sales price, but the maximum profit margin of any financing method, (b) an increase in scale demand raises selling price and length of the cycle while increasing overall profit significantly. [ABSTRACT FROM AUTHOR]

Editor’s pick On the best route to decarbonising quickly 30 September, p 37 From Ben Haller, Ithaca, New York, US Former UK government adviser Simon Sharpe is dismissive of carbon [...]

Views Your letters Editor’s pick On the best route to decarbonising quickly 30 September, p 37 From Ben Haller, Ithaca, New York, US Former UK government adviser Simon Sharpe is [...]

On the best route to decarbonising quickly From Ben Haller, Ithaca, New York, US Former UK government adviser Simon Sharpe is dismissive of carbon taxes as a means of tackling [...]

arbon pricing: Across (and sometimes even within) academic disciplines, no topic [Text incomplete in original source.] C What's in a Name? There is the name itself. The term 'carbon pricing' [...]

Byline: Maritime Gateway On the lines of the European Union's proposed Carbon Border Adjustment Mechanism (CBAM) principles, India is planning its own carbon tax mechanism to be levied on exports [...]

Byline: Maritime Gateway Responding to the European Union's carbon tax imposed on imports of certain commodities, India should also retaliate with Customs duties to imports of certain goods from the [...]

The article discusses the challenges the UK faces in decarbonizing home heating, with many households struggling to afford energy bills. Organizations like South East London Community Energy (SELCE) are helping households switch to sustainable energy solutions, saving money and reducing CO2 emissions. The UK lags behind other European countries in transitioning to renewable heat sources, but positive tipping points in green technologies could accelerate the shift away from fossil fuels. Norway and Germany provide examples of successful heat pump adoption through government support and mandates. [Extracted from the article]

As pressure mounts on businesses to reduce their contributions to climate catastrophe, an increasing number are introducing one or both of two accounting mechanisms aimed at dialing down their travel-related [...]

If there was ever a time to reconsider the logic and purpose of the carbon tax, it is in the wake of the severe weather events that caused so much [...]

The article examines whether human activity can be reduced enough to reverse the effects of climate change. It cites studies that to limit global warming by 1.5 degrees Celsius, one trillion tons of carbon dioxide emissions will have to be removed from Earth's atmosphere in the next 100 years. Particular attention is given to how a carbon tax could help address the costs.

The article focuses on the inclusion of environmental measures, particularly related to solar energy and renewable assets, in the February 2024 budget. It discusses the need for comprehensive support for solar installations, longer windows for corporate renewable energy projects, and measures to ensure export competitiveness in the face of carbon taxes.

Rest assured, Annalee, that I will never gain as much from a Newitz-themed AI generator as I do from your talent as a human writer. Editor's pick No machine will ever replace you, Annalee 5 August, p 22 Annalee Newitz highlights the threat of AI for the creative industry and those whose livelihoods depend on it, but surely I am not the only one who can see that their personality, interests and opinions shine through in every column? Any problem with the council and an AI can generate a legally perfect letter for you, as well as organise finances to your best advantage. [Extracted from the article]

'In the World' features notable developments reported in the international section of ELR Update during the month of September 2023. Current and archived materials, and links to primary news sources, [...]

Copyright of Volkswirtschaft is the property of State Secretariat for Economic Affairs (SECO) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article from Logic Inc. discusses the tight election race in British Columbia, where the NDP and Conservatives are separated by a narrow 20,000-vote difference, leading to an inconclusive result. The potential influence of the Green Party in the province's carbon tax legislation is highlighted, with the Greens possibly playing a crucial role in supporting the NDP government. The article also mentions the differing stances of the parties on the carbon tax, with the NDP pledging to remove it for individuals if the federal backstop falls, while the Conservatives aim to eliminate the tax altogether. [Extracted from the article]

Brazil has the potential to become a global leader in decarbonization, leveraging its renewable energy resources and natural endowments to boost sustainability efforts. By transitioning to a green economy, Brazil could add $100 billion to its GDP and create 6.4 million jobs by 2030. The country's opportunities lie in renewable energy, bio-based solutions, energy and resource efficiency, and natural climate solutions, positioning Brazil as a key player in the global energy transition. The article outlines specific recommendations for Brazil to seize these opportunities and outlines the potential economic and environmental benefits of embracing sustainability. [Extracted from the article]

The recent election in British Columbia, Canada, resulted in a razor-close race with the left-leaning New Democratic Party leading in 46 ridings and the Conservative Party of BC leading in 45. The Green Party also made gains, potentially holding the balance of power in the province. The outcome remains uncertain, with the possibility of recounts and the potential for another election before the four-year term is up. The election reflects a shift in political dynamics in the region, with implications for both provincial and federal politics. [Extracted from the article]

The article discusses the recent election in British Columbia, Canada, which remains undecided until a final count is completed. The left-leaning New Democratic Party faces a challenge from a conservative party that has not ruled the region since before World War II. The outcome of the election is uncertain, with the possibility of a minority government or even another election. The balance of power may rest with the Green Party, and the results could change due to additional ballots yet to be counted. [Extracted from the article]

Malaysian Prime Minister Anwar Ibrahim plans to reduce the fiscal deficit by cutting petrol subsidies and increasing economic growth. The government will end blanket assistance for RON95 petrol in mid-2025, aiming to reduce subsidies and social aid. Anwar's budget includes measures to narrow the budget gap, broaden the tax base, and increase cash handouts for poorer Malaysians, while also focusing on infrastructure development and attracting investment. [Extracted from the article]

The 2025 spending plan in Malaysia includes an increase in the minimum wage, cash handouts for poorer Malaysians, and cuts to petrol subsidies. Winners from the budget include retailers, energy firms, tourism-related companies, and palm oil planters. However, beverage makers and steel producers may face challenges due to increased excise duties and the imposition of a carbon tax, respectively. [Extracted from the article]

Bankers in the finance industry are struggling to understand and address the implications of biodiversity, unlike their understanding of climate change. While they recognize the threat of mass extinctions and the breakdown of natural systems, they lack the knowledge of how to measure the impact of biodiversity on their operations or how to profit from it. Unlike climate change, which can be measured and traded, there is no simple way to measure changes in biodiversity across different ecosystems. Additionally, the market value of nature and the potential for profit in biodiversity are unclear. However, finance will play a critical role in supporting efforts to combat biodiversity loss, and there is a growing recognition of nature's importance in corporate and government agendas. [Extracted from the article]

The article discusses the construction of a large-scale green steel plant in northern Sweden as part of a $100 billion effort to clean up polluting sectors. The project has caused division in the local community, with some seeing it as an opportunity for job creation and others concerned about the strain on infrastructure and services. The steel plant is part of a cluster of projects backed by Swedish impact investor Vargas Holding AB, which also includes an electric-vehicle battery maker called Northvolt AB. However, Northvolt is facing financial difficulties and a liquidity crisis. The article also highlights the challenges of meeting the electricity demands of these projects and the need for additional infrastructure and housing. The green transition in Sweden is a topic of debate, with some questioning the risks and costs involved, while others emphasize the importance of securing a place in the new green economy. [Extracted from the article]