THE STUDY OF IMPACT OF CARBON TAXES IN THWARTING THE IMPENDING DANGER POSED BY THE CLIMATE CHANGE

Abstract

The Climate Change is one of the pressing environmental concerns of the Present times. The adverse impact of the global warming is becoming more apparent, in the form of unusual weather events. The danger posed by the Climate Change poses an existential threat to the present world, which can no longer remain unaddressed.  The issue has been constantly addressed in different International forums. The Paris Agreement has given impetus to the global efforts by formally adopting the objective of keeping the global temperatures preferably below 1.5 degree centigrade in comparison to the pre-industrial levels. The United Nations adopted the 2030 Agenda for Sustainable Development in 2015. At its heart are 17 Sustainable Development Goals. The SDG 13 is about taking the urgent action on the part of the global community in combating the climate change. In order to attain the objectives of the Paris agreement, the present research will test the effectiveness of the fiscal tools, primarily the carbon tax. The Researcher intends to study the carbon taxes in European Union and Canada. The study will focus on the effectiveness and the viability of the regulations governing the carbon taxes in attaining the 13^th Goal set under the 2030 Agenda for sustainable development. The Researcher further intends to propose the policy measures that can be adopted by India for the implementation of the carbon tax, in order to address the threat posed by the Climate Change.