1. Evaluating the Effectiveness of Carbon Tax Policies with Econometric Modeling
- Author
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Matusevich Alexander, Hassan Muntather Muhsin, Vaishnavi P., Sudan Prerak, Chhetri Abhishek, Chhabra Soosan, Sharma Prabhat, Sharma Gunjan, and Ashlin Deepa R.N.
- Subjects
sustainable carbon tax ,eco-friendly methodologies ,Environmental sciences ,GE1-350 - Abstract
This study uses econometric modeling to assess carbon tax programs’ efficacy in reducing carbon emissions across economic sectors. Multiple case studies, tax incentive analysis, and energy-efficient technology promotion reduced carbon intensity per unit of production by 25%. Additionally, dynamic pricing schemes matched with carbon taxation frameworks reduced emissions by 15%. These policies integrated into economic models outperformed standard regulatory methods, reducing emissions by 30% while maintaining or improving economic efficiency. The policy ideas have been tested in real-world settings, proving their practicality and applicability across sectors. This work contributes to climate change mitigation discourse and helps policymakers and business stakeholders combine environmental responsibility with economic development in a constantly changing global context.
- Published
- 2024
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