The Environment Ministry in Japan proposed a new carbon tax to meet Japan's obligations to reduce carbon dioxide emissions under the Kyoto Treaty. The tax would be levied on producers and importers of fossil fuels, and the expectation is that it would be largely passed on to consumers. This proposal is an example of a:

Question

Quizplus · Accepted Answer

The proposed carbon tax is a tax incentive policy aimed at reducing carbon emissions by making fossil fuels more expensive, thereby encouraging producers, importers, and consumers to reduce their carbon footprint.

The Environment Ministry in Japan Proposed a New Carbon Tax