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Carbon Taxation Policy - Mounting Pressure on Thermal Power Generation for Quickly Cutting Emissions
GlobalData, July 2011, Pages: 7
Carbon Taxation Policy – Mounting Pressure on Thermal Power Generation for Quickly Cutting Emissions
Summary
Carbon taxation is increasingly being considered as an alternative economic tool for accelerating the reduction of carbon emissions from thermal power plants. The looming challenge of global warming is becoming so serious that nations need to consider all possible policy measures for quickly cutting carbon emissions. Significant developments and trends focusing on regulations and emissions trading have been the mainstay of larger economies for reducing carbon emissions. The introduction of carbon taxes has also long been considered an effective economical instrument to reducing carbon emissions due to its distinct advantages. Nations are considering the adoption of carbon taxation to accelerate towards achieving their carbon emission abatement targets. Due to a less complicated design and structure of Carbon Taxes, it is easier to quickly implement them in comparison to the emission trading programs. Implementing carbon taxes will have an immediate impact on the thermal power generation sector, especially coal-fired power plants that are the maximum contributors of carbon emissions worldwide. In order to remain profitable after the implementation of carbon taxes, the thermal power generation companies will have to quickly start upgrading their existing plants with emission control technologies. However, the process of upgrading the existing units requires huge capital investments, which when coupled with the additional carbon taxes will lead to increased pressure on the thermal power plants.
Scope
- Market prospects of thermal power generation being impated by emission abatements under carbon taxation
- Policy initiatives promoting the adoption of carbon taxes
- Major regional initiatives for introducing carbon taxation policy
- Country efforts for reducing GHG emission through taxation
Reasons to buy
- Identifying the key growth and investment opportunities with the adoption of carbon taxation in the global thermal power generation sector
- Gain insights on the growing adoption of carbon taxes leading to increased pressure on thermal power generation
- Developing strategies to mitigate carbon emissions from thermal power generation to reduce the impact of carbon taxation
- Facilitate decision-making based on upcoming developments in carbon taxation policies
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