Energy tax based on CO2 emissions — Reduce emissions by 10% without negative economic impact

Practical first step in introducing carbon tax

2019/10/10

Greening the existing energy taxes, that is, switching to a carbon tax based on CO2 emissions, would reduce the total amount of energy-originated CO2 emissions by more than 10%. Reductions have no negative impact on overall economic growth. The impact on energy-intensive industries is inevitable, but it will have a positive impact on industries that are responsible for energy-saving equipment such as electric machines. In addition to reforming the economic structure by promoting digitization in May, JCER　announced in a report that the government can realize “80% reduction of greenhouse gases by 2050” as an international commitment by introducing an environmental tax of 10,000 yen / ton – CO2. The greening of the existing energy tax system will be the first step in introducing a carbon tax to reduce CO2 by 80%, which is the 2050 target