india was the first country to impose carbon tax.
which country was the first country to impose carbon tax?
india
finland was the first country in the 1990s to introduce a co tax, initially with few exemptions for specific fuels or sectors. since then, however, energy taxation has been changed many times and substantially. these changes were related to the opening of the nordic electricity market. other nordic countries exempted energy-intensive industries, and finnish industries felt disadvantaged by this. finland did place a border tax on imported electricity, but this was found to be out of line with eu single market legislation. changes were then made to the carbon tax to partially exclude energy-intensive firms. this had the effect of increasing the costs of reducing co emissions (p. 16).
carbon tax
on february 19, 2008, the province of british columbia announced its intention to implement a carbon tax of $10 per tonne of carbon dioxide equivalent (coe) emissions (2.41 cents per litre on gasoline) beginning july 1, 2008, making bc the first north american jurisdiction to implement such a tax. the tax will increase each year after until 2012, reaching a final price of $30 per tonne (7.2 cents per litre at the pumps). unlike previous proposals, legislation will keep the pending carbon tax revenue neutral by reducing corporate and income taxes at an equivalent rate. also, the government will also reduce taxes above and beyond the carbon tax offset by $481 million over three years. in january 2010, the carbon tax was applied to biodiesel. before the tax actually went into effect, the government of british columbia sent out "rebate cheques" from expected revenues to all residents of british columbia as of december 31, 2007. in january 2013, the carbon tax was collecting about $1 billion each year which was used to lower other taxes in british columbia. terry lake, the minister of the environment of british columbia, said ""it makes sense, it's simple, it's well accepted.""
carbon tax