🚚 The Price of Tomorrow: Brace for Impacts of the Imminent Global 🏛 Carbon Tax on Greenhouse Emissions 🌬

What is the carbon tax? When is it coming to my country? What will my company have to pay? Lot of questions, Atlas Capital's team researched and answers them for you today!

Google became carbon neutral in 2007. Netflix pledged to do so in 2022. Facebook, Apple, and Amazon in 2040. Nestle and Coca-Cola in 2050. “Carbon neutrality” is the new buzzword huge companies are throwing around. While carbon neutrality has to do with sustainability, it has more to do with the economic advantages of companies. To understand this phenomenon, we first have to understand carbon pricing, then we will look at how it is implemented today, learning that there are actually different shades of this new tax, and lastly what is the timeline of implementation of these new Carbon Taxes around the world.

🚚 What is the Carbon Tax and why should I care about it?

The biggest problem in economics is “externalities”. Externalities are consequences of actions that are not factored into the cost. An example is carbon emissions from a factory that harms the whole community. A carbon tax is one way to deal with the externality of carbon produced by companies. It is also a way to achieve ne…