The Impact of Carbon Tax on Greenhouse Gases Emission Reduction and Economy
The Impact of Carbon Tax on Greenhouse Gases Emission Reduction and Economy

Summary/Abstract: Some policies are conflicting in a wide range of economic, social and environmental effects. It is impossible to imagine a process in which all policies were set simultaneously, taking into account all interlinkages and to achieve a coherent set of economic, social and environmental goals and implement sustainable development objectives. The article deals with carbon tax and discusses its possible influence on economy, which can be quite contradictive. The theoretical issues of green tax reform and double dividend are discussed in the article. Experience of other countries in the field of green budget reform is provided. Based on the analysis of carbon tax and pollution trading schemes implementation results in other countries the problems and the way of their solution are developed for Lithuania. The main aim of the article is to raise questions and indicate problems as well as present possible solutions.

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