CURRENT AFFAIRS

Detailed explanation-1: -UPSC Mains. Q. Which country has recently declared to impose a ‘carbon tax’ from 2019 to cut its greenhouse gas emissions? Notes: The Singapore government will impose a ‘carbon tax’ from 2019 to cut its greenhouse gas emissions and make companies more competitive as global agreements on climate change take effect.

Detailed explanation-2: -Detailed Solution. Singapore would impose a carbon tax from next year to cut its greenhouse gas emissions.

Detailed explanation-3: -India imposed a Carbon tax of Rs 50 per ton of coal produced and imported, in 2010. In 2014, it was increased to Rs 100. In 2015 it was further increased to Rs 200. Currently, the carbon tax is Rs 400 per ton.

Detailed explanation-4: -Qatar had the highest per capita carbon dioxide emissions worldwide in 2019, at 30.7 metric tons per person.

Detailed explanation-5: -In total, 58.1% of CO2 emissions from energy use in India are priced in 2021, unchanged since 2018. India does not levy an explicit carbon price. Fuel excise taxes, an implicit form of carbon pricing, cover 58.1% of emissions in 2021, unchanged since 2018.