Business Management Essay Example | Topics and Well Written Essays - 2000 words - 1

Business Management - Essay ExampleImportant issues arising from the carbon reputation task were identified by using the Force Field Analysis. The findings indicate that Australian products and the industry leave be less competitive due to increased be of production. Increases ar also expected in the consumer price index, power times, foretokenhold expenses and job losses. Based on these findings, authorized recommendations are made to geld the side effects of carbon tax burden. These include imposing an entry carbon tax for cheaper imports and found a scheme of roof top solar panels and wind power systems. The government can purchase the power generated through these renewable energy systems. 2. Introduction The carbon tax is a type of corroborative tax on the carbon content of fuels and paid by the citizens of a country. The tax is a phase of Pigovian tax since they tax the emitters of greenhouse bollockses term not making them pay the full social costs of excess c arbon emission. Most of the hydrocarbon fossil fuels much(prenominal) as coal, diesel, and crude oil fill a certain carbon percent that is released as Carbon Di Oxide when the fuel is burnt. The CO2 is a green house gas and it causes global warming while increasing the pollution levels. Firms such as power stations, oil companies, metal foundries, mining firms, cement manufacturers are the greatest emitters of CO2. Carbon tax is levied by adding a certain amount of tax on petrol, diesel and the voltaic power consumed by citizens in an area (Reuven and Uhlmann, 2009, p. 117). 2.1 Mechanisms employ for Carbon tax implementation As per carbon tax regulations, industries identified as high emitters are taxed as per the amount of carbon they emit and this is measured in USD/ AUD per ton of carbon released. Reference tables are available that specify the amount of carbon that severally type of industry emits. Therefore, an oil company such as BP will have a high liability while an a utomobile manufacturer that manufactures thin four wheelers used to transport passengers will have a lower liability. A power generation plant that uses coal has a higher liability while one that uses natural gas has a lower liability (Metcalf, 2010, p. 63). As an example, CO2 emission for gasoline is 2.35 kilograms per litre of fuel burnt while for diesel it is 5.08 Kg/ litre of fuel burnt. For lignite coal, it is 1.396 kilogram/ kilogram while for natural gas it is 1.93 Kg/ cubic meter. This translates to a tax of 0.028 USD/ litre for gasoline for diesel it is 0.032 USD/ litre. For coal, tax is 0.0121 USD per Kilo double-u Hour (kWh) and for natural gas, it is 0.0066 USD/ kWh. Emitters are required to purchase carbon credits or they pay the tax for the products (Metcalf, 2009, p. 2). The money obtained from the tax is used to offset carbon, to set up solar and wind generation projects, in developing more fuel-efficient cars and improving power generation plants and so on. Tax pl aced on electric power consumed is called as energy tax while emission tax is the tax paid for each ton of carbon emitted. Many nations such as UK, Australia, New Zealand, many countries of Europe and USA have implemented carbon tax regimes (Lin and Li, 2011, p. 5138). Each nation has its own system of carbon taxation and levies. This paper will however focus only on carbon taxes for Australia and its impact on the economy and households. 3. encounter on Australian Environment and Households This section analyses the impact of carbon tax on the Australian channel environment and