{"id":332803,"date":"2025-04-14T18:00:02","date_gmt":"2025-04-14T12:30:02","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=332803"},"modified":"2025-04-15T20:12:25","modified_gmt":"2025-04-15T14:42:25","slug":"carbon-tax","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/carbon-tax\/","title":{"rendered":"Carbon Tax"},"content":{"rendered":"<p><strong>News:<\/strong> India and 62 other countries voted in favour of the world&#8217;s first-ever global carbon tax imposed on the shipping industry by the United Nations&#8217; shipping agency. <strong>Carbon Tax.<\/strong><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-332987 aligncenter\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?resize=574%2C381&#038;ssl=1\" alt=\"Carbon Tax\" width=\"574\" height=\"381\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?resize=300%2C199&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?resize=1024%2C680&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?resize=768%2C510&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 574px) 100vw, 574px\" \/><\/p>\n<h2>About Carbon Tax<\/h2>\n<ul>\n<li>A carbon tax is a <strong>type of penalty<\/strong> that businesses must pay <strong>for excessive greenhouse gas emissions<\/strong>.<\/li>\n<li>The tax is usually <strong>levied per ton of greenhouse gas emissions<\/strong><\/li>\n<li><strong>Objective:<\/strong> The tax is designed to encourage such businesses to <strong>reduce their output<\/strong> of greenhouse gases and carbon dioxide.<\/li>\n<li>The carbon tax is a type of <strong>Pigouvian tax<\/strong>.<\/li>\n<\/ul>\n<p><strong>Types of carbon tax<\/strong><\/p>\n<ul>\n<li><strong>Emissions-based tax:<\/strong> It is levied <strong>directly on the quantity of GHG emissions<\/strong> produced by an entity. \u200b<\/li>\n<li><strong>Goods-based tax:<\/strong> It is applied to goods or services that are <strong>carbon-intensive, such as gasoline or coal.<\/strong> The tax is <strong>based on the estimated emissions<\/strong> associated with the production and use of these goods.<\/li>\n<li><strong>Cap-and-trade system:<\/strong> It is a <strong>market-based approach<\/strong> to reducing GHG emissions, where a government <strong>sets a limit (cap) on total emissions<\/strong> and allows companies to <strong>buy, sell, or trade emission permits<\/strong> within that cap.<\/li>\n<li><strong>Carbon tariff:<\/strong> Also known as carbon border adjustment mechanism (CBAM), it is an <strong>eco-tariff on embedded carbon<\/strong>, aiming to <strong>prevent carbon leakage<\/strong> from nations without a carbon price.<\/li>\n<\/ul>\n<h2>About International Maritime Organization (IMO)<\/h2>\n<ul>\n<li>It is a <strong>specialized agency of the United Nations<\/strong> that is responsible for measures to improve the<strong> safety and security of international shipping<\/strong> and <strong>prevent marine pollution<\/strong> from ships.<\/li>\n<li>It has an integral role in meeting the targets set out in <strong>UN SDG 14:<\/strong> Conserve and sustainably use the oceans, seas and marine resources for sustainable development.<\/li>\n<li><strong>Members:<\/strong> IMO currently has <strong>176<\/strong> member states. In addition, there are <strong>three associate members<\/strong>: Hong Kong, Macao, and the Faroe Islands.<\/li>\n<li><strong>Structure:<\/strong> It consist of the <strong>assembly<\/strong>, representing the member states, and <strong>a council<\/strong> (an <strong>executive body, appoints secretary-general<\/strong>) elected by the members at <strong>two-year intervals<\/strong>.<\/li>\n<li><strong>Headquarter:<\/strong> <strong>London<\/strong>, U.K.<\/li>\n<\/ul>\n<h2>Some of Important Treaties under IMO<\/h2>\n<ul>\n<li>International Convention for the <strong>Safety of Life at Sea<\/strong> (SOLAS)<\/li>\n<li>International Convention on <strong>Standards of Training, Certification, and Watchkeeping for Seafarers<\/strong> (STCW)<\/li>\n<li>International Convention for the <strong>Prevention of Pollution from Ships<\/strong> (MARPOL)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: India and 62 other countries voted in favour of the world&#8217;s first-ever global carbon tax imposed on the shipping industry by the United Nations&#8217; shipping agency. Carbon Tax. About Carbon Tax A carbon tax is a type of penalty that businesses must pay for excessive greenhouse gas emissions. The tax is usually levied per&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/carbon-tax\/\">Continue reading <span class=\"screen-reader-text\">Carbon Tax<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":332987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,1236,12056],"tags":[11872],"class_list":["post-332803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-environment","category-international-organisations","category-knolls-daily-factly-articles","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/04\/Carbon-Tax.png?fit=1280%2C850&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/332803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=332803"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/332803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/332987"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=332803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=332803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=332803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}