The paper "Effects on Australia’ s Firms and Industries by Carbon Tax" is an outstanding example of a macro & microeconomics case study. In Australia, it is well recognized that there is high global warming due to many greenhouses and the lawmakers have decided to reduce the gas emitted in the greenhouse through negotiation. Some of the suggestions were on fossil fuels or carbon emission taxation. The main aim for suggesting carbon taxation was to reduce the effects as stated in Charles Hills’ book are generally caused by fossil fuels to the environment through combustion. The emissions are harmful because they cause global climate change, acid rain, ground-level ozone and many other problems.
However, the carbon tax has already become the main option for reducing carbon emissions in terms of the market (E. K. Hunt, 2008). The carbon tax is highly preferred by consumers and economists because it is fair and simple of which is different from the politicians. Another primary work for a carbon tax is the reduction of emissions of the greenhouse-gas whereby it is done through charging a specific fee on fossil fuels which is generalized on the amount of carbon emitted when fossil fuels are burned thus reducing the utilities, business, fees and personal attempts of using fossil fuels little energy.
However, there are many other advantages that the country will benefit from if the carbon emission strategy is kept high (Garnaut, 2011). What is a tag carbon tax? There has been advised to the Australian government by the scientists that they should create a tax on carbon emissions because as I have read in Charles's book that if it continues to be emitted without control there will be a great effect on the country especially because of the increase in temperatures.
There is a high risk to the country’ s economy and its environment unlike the developed countries because the normal country’ s weather is always hot and dry hence should experience more loss in climate change (Brian Dawson, 2008). The feeling of the scientist is that the release of carbon is due to human activities thus polluting the atmosphere hence the government has decided to come up with the criteria of cleaning the energy for Australians future.
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