The agreement sets a clear target for reducing carbon dioxide (CO2) emissions and a new mechanism for international cooperation on climate policy. The aim is to keep the global temperature increase below 2°C and to make efforts to limit the increase to 1.5°C. To achieve this goal, decarbonization of the global economy is needed by the second half of the twenty-first century. David Powels of the National Association of Automobile Manufacturers of South Africa (NAAMSA) opposes the tax on light commercial vehicles.  The tax could increase the cost of new vehicles by 2.5% and lead to a decrease in total car sales: in addition, Powels questions the ability to accurately predict CO2 emissions based on displacement.  In 2017, at a press conference organized in Beijing by the National Development and Reform Commission, China announced an emissions trading scheme . For companies exporting to the EU and active in carbon-intensive industries, the direct effects of the carbon limit tax would change the competitive landscape. . . .
- Post Author:admin
- Post published:October 10, 2021
- Post Category:Uncategorized