The Fault in Our Taxes: Carbon Pricing vs. Developing Countries

It is not fair that developing countries would also be imposed with carbon taxes without further research on its economic and social implications, including how our the agricultural and transportation services sectors, being two of the largest sources of the livelihood of their citizens, would benefit from this policy.

For instance, in the Philippines, carbon taxation will increase the accumulated transaction costs suppliers will shoulder, including the costs incurred by transportation, machinery, and consumption of fertilizers; thus, increasing the prices of our agricultural products.