Abstract:
With the growing population of Pakistan, Industrial activities are also increasing day by day which leads to toxic gases emissions (SO, CO2 and particular matters, etc.) during the production process. But CO2 is considered more important GHG Gas. From 1951 to 2016, Carbon emissions are increasing at an exponential rate in Pakistan as well which is the major cause of global warming; It is assumed that if there were no greenhouse gas, the earth would be much cold and the average earth temperature would be -18 degree Celsius (Qiancheng Ma, 1998). According to the global atlas report 2016, Pakistan Ranked 31st country in carbon emissions by producing 187 Mt CO2 out of the world total 35675 mt CO2. Internationally, Carbon Taxation is considered a solution to emissions reductions. The objective of the research is to assess the chronological history of the carbon tax, Impacts of Carbon Tax (Price, Location, and Socioeconomic), Acceptability of Carbon Tax, Drivers and Barriers in Implementation, and future recommendations.
The impacts of Carbon Taxation on local Industries Growth have been assessed by using a random sampling technique in the Lahore case study area. Data of 105 industrial units have been collected and analyzed in SPSS. The results show that low awareness about carbon taxation System-related terms and there is a high level of acceptability of carbon taxation system in industries. The results of regression analysis depicted the high probability of acceptance of the carbon taxation system in relation with age, education, experience, and awareness variables. Locational Impacts are also minimal as the majority of respondents do not agree to relocate after the imposition of a carbon tax on the industry. Indicator base socioeconomic impact assessment reveals the high and positive impact on buying power, moderate impact on saving, uplift economic conditions, preservation of the environment, and living standard. the negative value of transformed values shows the low and adverse impacts of the Carbon taxation system on health, Employability, poverty, Climatic condition, family expenditures, green energy products, and quality of products which needs government interventions in form of tax exemptions or subsidies to minimize the distributional impacts of carbon taxations system.
