According to the World Bank countries around the world raised $84 billion in 2021 up 60 percent from 2020 by charging more taxes for emitting carbon dioxide .
as prices in many schemes hit record highs and a handful of new carbon levies were launched, the World Bank.
Uruguay had the world’s highest carbon tax at 137 U.S. dollars per metric ton of CO2 . Uruguay’s carbon tax was first established in January 2022.
Sweden levies the highest carbon tax rate in Europe at €117.30 per ton of carbon emissions, followed by Switzerland and Liechtenstein €117.27and Norway €79.12.
Carbon pricing is one option governments are using to help reduce pollution from fossil fuels and encourage investment in cleaner technology.
A carbon tax is levied on the carbon emissions required to produce goods and services. It generally only covers CO2 emissions, but can also apply to other greenhouse gases such as methane or nitrogen oxides – by taxing emissions based on their potential to contribute towards global warming.
According to the World Bank there are 68 direct carbon pricing instruments operating as of June 2022 in 46 national jurisdictions around the world. These comprise 36 carbon tax regimes and 32 emissions trading systems (ETS). These are tradable-permit systems which set a cap on the amount of greenhouse gases that can be emitted. Businesses and entities have the flexibility of buying and selling emissions units.
Albanian Minerals CEO Sahit Muja in New York said that “The climate change threatens the lives and livelihoods of billions of people. Natural disasters, environmental degradation and extreme weather patterns disrupt harvests, deplete food supply, fisheries, erode livelihoods and spur deadly diseases”.
Mr: Muja addad that air pollution kills an estimated seven million people worldwide every year
Albanian Minerals mission is to create a better green future for all the people in this world. As we pursue this mission, we’re guided by our principles that ensure to make this world a better place for future generations to come.
Sahit Muja said, “The countries around the world expected to raised $100 billion carbon tax income in 2022 . Preventing catastrophic climate change is a totally feasible project using natural solution magnesium base minerals. I believe investing this geat revenue in scientific R&D generates innovation, cutting-edge technologies and fine solution to the world’s greatest problem”
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