Are you ready for a carbon tax?
Ready or not, it’s coming! Do you know what your carbon production is today? A carbon tax is imposed on releases of carbon dioxide (Co2), which is emitted largely through the combustion of fossil fuels used in electricity production. According to the Center for Energy and Climate Economics, industrial manufacturing, commercial industries, transportation and heating are the focus of a potential tax.
Already a reality in California, pricing carbon is seen by many climate change advocates as the only way to effectively limit the increase in global temperatures. The idea is simple, put a price on pollution and companies will be motivated to do more. More than 40 national and sub-national jurisdictions around the globe have already implemented carbon pricing and corporations around the world are increasingly preparing for a future carbon tax by proactively working to develop green house gas reduction targets. (worldbank.org)
California implemented emissions regulation in 2012 and began enforcing compliance in 2013. The tax in California is affecting oil industries, but some critics of the program suggest a carbon tax on residential energy is not far behind. (aei.org)
Survey information released in September 2014, found companies would welcome a regulatory policy as the effects of climate change have a direct impact on their bottom line. Companies such as Exxon-Mobil and Dow Chemical Company have implemented an internal carbon price into their business decisions as a preparatory move. (CDP.net)
As we continue to see the effects of a warming planet such as severe storms and extreme droughts, food shortages and threats to public health, businesses and governments understand they must work together to reduce these harmful gases. For decades, unsustainable practices have been able to pollute the earth with no financial repercussions.
Stay ahead of a tax on carbon by proactively developing a program to reduce your environmental footprint. Reducing the amount of waste your business creates or sends to the landfill has a direct affect on reducing carbon emissions and your operations costs. Zero waste systems or closed-loop production also help to place less of a demand on raw materials which in turn reduces greenhouse gases.
At National Waste Associates we specialized in helping businesses with multiple locations reduce their waste costs and carbon footprint by increasing recycling. Learn more about how waste reduction is a key to the success of sustainable practices. Call us at 1-888-692-5005 or email email@example.com to get control of your waste stream.