A solution may be proposed to the burden, which is to allocate the taxes collected from carbon pricing in subsidizing the needs of agricultural workers; however, will these subsidies be enough to cover agricultural emergencies such as, for instance, flooding? Furthermore, developing countries are challenged by high energy tariffs which are no longer within the scope of carbon taxation.
The premise of carbon taxation does wonders in reducing GHGs; but there are countries that are yet to prepare for its consequences on the livelihood of its citizens.
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ENFJ 💮 An economics-psychology student navigating her way through life. I'm really an introvert based on social standards.
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