Monday, December 18, 2023

UK’s carbon tax may impact $775 mln worth

For the EU, the tax range is 20-35%. Both the UK and the EU have implemented emissions trading systems (ETS) to cap and reduce greenhouse gas emissions. These systems work by setting a limit on the total amount of carbon dioxide emissions allowed and then issuing permits to emitters. Companies must purchase permits for each ton of carbon dioxide they emit, and the price of these permits is determined by supply and demand.

from Economy-News-Economic Times https://ift.tt/MeYJ4VG
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