According to researchers from Oxford and Reading University, a combined sugar tax on soft drinks and a food-based carbon tax could help raise £3.6bn, which could be used to reduce carbon emissions by up to 19 million tonnes. The proposition includes a £2.86-per tonne carbon tax and a 20% tax on sugary drinks. A similar proposal was put forward in the US last year, but it failed after being rejected by Congress.
According to researchers from Oxford and Reading University, a combined sugar tax on soft drinks and a food-based carbon tax could help raise £3.6bn, which could be used to reduce carbon emissions by up to 19 million tonnes. The proposition includes a £2.86-per tonne carbon tax and a 20% tax on sugary drinks. Lead researcher, Adam Briggs, explained that "a well designed carbon tax could be an important addition to policies aimed at reducing UK greenhouse gas emissions."