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Should the EU introduce a carbon tax?
Introducing a carbon tax will not lead to a significant reduction of carbon emissions.
It is unlikely that the carbon price would be set high enough to sufficiently decrease carbon emissions.
High carbon industries will likely just shift production to countries where there is no carbon tax, rather than reducing their emissions.
According to research,
could fall by about 40 percent below 2005 levels and 25 percent below current policy scenario levels by 2030 if a carbon tax were instituted (
The carbon tax significantly accelerates the shift away from coal and toward renewable electricity.
A carbon tax would
in more sustainable and green technologies which reduce carbon emissions and are beneficial to the economy (pg 426 - 427).