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Carbon Taxes That Focus On Luxury Consumption Are Fairer Than Those That Tax All Emissions Equally

12 Jul 2023 | Abstracted from Science Daily

"Not all carbon emissions are made for the same reason - they range from more essential purposes like heating a home to nonessential 'luxury' activities

"A new analysis published on July 11 in the journal One Earth suggests taxing luxury carbon emissions at a higher rate...If all 88 countries analyzed in this study adopted the luxury-focused policy, this would achieve 75% of the emissions reduction needed to reach the Paris Agreement's goal.



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