Tuesday, October 23, 2012 Think Energy SC

Norway to Double Carbon Tax on Oil Industry


More and more countries view a tax on carbon as the most effective way to encourage the innovation and adoption of carbon-free goods and services. Norway is the latest country to move boldly on this issue, announcing that it will double the carbon tax on its North Sea oil industry. Such taxes reduce greenhouse gas emissions responsible for climate change, but as in this case, they can also generate funds to help combat the impacts of climate change.
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