CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has recently imposed Carbon Tax?
A
South Africa
B
Pakistan
C
Nepal
D
Bangladesh
Explanation: 

Detailed explanation-1: -Detailed Solution. Singapore would impose a carbon tax from next year to cut its greenhouse gas emissions.

Detailed explanation-2: -The 27 countries with significant carbon tax include Argentina, Canada, Chile, China, Colombia, Denmark, The European Union, Japan, Kazakhstan, South Korea, Mexico, New Zealand, Norway, Singapore, South Africa, Sweden, the UK, and Ukraine.

Detailed explanation-3: -This emission trading scheme (ETS) creates a carbon market where emitters can buy and sell emission credits. The scheme will allow carbon emitters to reduce emissions or purchase emission allowances from other emitters. Through this scheme, China will limit emissions while allowing economic freedom for emitters.

Detailed explanation-4: -The tax started at $20 per ton in 2019 and rose $10 per ton each year until reaching $50 per ton in 2022.

Detailed explanation-5: -Countries in the World: There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine.

There is 1 question to complete.