{"title":"A robust role of carbon taxes towards alleviating carbon dioxide: a modeling study","authors":"","doi":"10.1007/s10665-023-10327-x","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>Carbon tax serves as a tool to discourage carbon dioxide (<span> <span>\\(\\text {CO}_2\\)</span> </span>) emissions, which are a root cause of climate change. A well-designed tax policy could reduce the risk of climate change, promote innovation in carbon-reducing technologies, and increase public revenue. In this research work, the model formulation is based on dynamic interactions among variables, namely the atmospheric concentration of <span> <span>\\(\\text {CO}_2\\)</span> </span>, human population, forestry biomass, and the levied carbon tax. We assume that the collected revenue is used to control anthropogenic emissions of <span> <span>\\(\\text {CO}_2\\)</span> </span> and fund reforestation/afforestation programs. We have derived sufficient conditions under which the considered dynamical variables settle to their equilibrium levels. The model analysis reveals that the atmospheric level of <span> <span>\\(\\text {CO}_2\\)</span> </span> decreases as the levied tax rate increases, indicating that the atmospheric <span> <span>\\(\\text {CO}_2\\)</span> </span> level can be reversed from its present state through the imposition of a carbon tax. Additionally, the formulated system undergoes Hopf-bifurcation concerning the growth of the levied tax and deforestation rate. Furthermore, through simulations, we have demonstrated that utilizing tax revenues for technologies that limit human-induced <span> <span>\\(\\text {CO}_2\\)</span> </span> emissions and reforestation/afforestation programs is a promising strategy for mitigating the increased levels of <span> <span>\\(\\text {CO}_2\\)</span> </span>.</p>","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1007/s10665-023-10327-x","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Carbon tax serves as a tool to discourage carbon dioxide (\(\text {CO}_2\)) emissions, which are a root cause of climate change. A well-designed tax policy could reduce the risk of climate change, promote innovation in carbon-reducing technologies, and increase public revenue. In this research work, the model formulation is based on dynamic interactions among variables, namely the atmospheric concentration of \(\text {CO}_2\), human population, forestry biomass, and the levied carbon tax. We assume that the collected revenue is used to control anthropogenic emissions of \(\text {CO}_2\) and fund reforestation/afforestation programs. We have derived sufficient conditions under which the considered dynamical variables settle to their equilibrium levels. The model analysis reveals that the atmospheric level of \(\text {CO}_2\) decreases as the levied tax rate increases, indicating that the atmospheric \(\text {CO}_2\) level can be reversed from its present state through the imposition of a carbon tax. Additionally, the formulated system undergoes Hopf-bifurcation concerning the growth of the levied tax and deforestation rate. Furthermore, through simulations, we have demonstrated that utilizing tax revenues for technologies that limit human-induced \(\text {CO}_2\) emissions and reforestation/afforestation programs is a promising strategy for mitigating the increased levels of \(\text {CO}_2\).
期刊介绍：
Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance.
Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.
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