Answer:
A carbon tax aims to make individuals and firms pay the full social cost of carbon pollution. In theory, the tax will reduce pollution and encourage more environmentally friendly alternatives. However, critics argue a tax on carbon will increase costs for business and reduce levels of investment and economic growth.
pros-cons-carbon-tax
The purpose of a carbon tax
The purpose of a carbon tax is to internalise this externality. What this means is that the final price of the good should include the external costs and not just the private cost. It is similar to the ‘polluter pays principle.‘ – which was incorporated into international law at the 1992 Rio Summit. It simply means those who cause environmental costs should be made to pay the full social cost of their actions.
Diagram to show welfare loss of a negative externality
negative-externality-id
This diagram shows that in a free market (without any tax), we get overconsumption (Q1) of carbon, leading to a welfare loss to society.
Social efficiency with Carbon Tax
tax-on-negative-externality
Explanation:
Answer:
Aquatic animals and organisms thrive in coral reef habitats/ecosystems. The biodiversity of different organisms (like fish) are abundant because of the habitats (like anemone), algae, and phytoplankton that live off the area. The destruction of the coral reef by polution can cause a disturbance in the balance of life. For example, the bacteria and algae (autotrophs) that live off the sides of pieces of coral would die off causing the fish and other things that way them to die off and then the fish that consume those animals would die off.
In shorter terms: the physical damage would throw off the balance of the food web/food chain and would destroy habitats of thousands of organisms causing them to die off.
Hope this helps! :D
Answer:
It wastes/ruins resources.
Explanation:
If you do these things, you would be using up resources/sources to quick, thus making it harder to provide certain things
<span>it is orbiting in the opposite direction of other bodies within the same star system. For example, there are two planets in our solar system that undergo retrograde motion; Venus and Uranus. All other planets undergo prograde motion.</span>
