To tackle climate change some think that
carbon
tax should be levied on big companies' projects. Others suggest taxing a person's Use synonyms
carbon
footprint is a better approach. Use synonyms
While
individual taxes are a good idea for generating awareness, I believe Linking Words
carbon
-taxing multinational institutions make more sense because they pollute our environment the most.
Levying Use synonyms
carbon
duties on individual purchases is one way to fight the effect of climatic irregularities. More people knowingly or unknowingly are contributing to the cause. Use synonyms
This
Linking Words
further
sheds light on the global issue, which is being increasingly ignored. The growing popularity in itself will ensure that others grow increasingly conscious, and in turn, limit their Linking Words
carbon
expenditure. Use synonyms
For example
, India has introduced a policy of tax benefits on interest on every loan taken against the purchase of an electric vehicle. Through Linking Words
this
move, the country has seen a significant price uptick in eco-friendly cars and bikes. Linking Words
However
, I believe Linking Words
this
is not enough, Linking Words
instead
, large organizations should be taxed heavily on their Linking Words
carbon
exhaustions.
Large companies require a great amount of energy to run. Use synonyms
This
energy is produced by the burning of non-renewable energy sources, which has disastrous consequences on nature. If we can stop Linking Words
this
from happening, and ensure that they turn to renewable energies, Linking Words
then
most of our work would be done. Linking Words
For instance
, if regulatory authorities tax the industries running on thermal powerplants, in that case, their cost per unit Linking Words
also
increases, thereby bringing down profits. The moment Linking Words
this
is caught in their P&L statements, they'll eventually look for economic alternatives. Linking Words
This
is why, I believe that the key to combatting sudden floods, tsunamis, droughts, wildfires etc is by placing these agents of pollution under Linking Words
carbon
duties.
In conclusion, introducing tariffs on MNCs for every Use synonyms
carbon
expenditure should be adopted. And the idea of Use synonyms
this
to be done on an individual level is flawed.Linking Words
majumdarnilesh21