Green Taxation for Companies
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A business/company pays “green taxes” in exchange of the environmental damage it causes. Green taxation has allowed companies that own pollution factories to pay for the large amount of pollutants it spreads to the environment. The concept is very simple the more harmful pollutants the higher the taxes. Factory owners have the option to choose on whether they want to pay money to the government through green taxes or take on another approach. For example, a factory owner might venture into an air pollution control system simply because it may be more affordable. The USA has not imposed green taxes. Many other countries around the world have adapted the polluter-pays principle basically the people who created the problem of pollution pay for it. Subsidies is money and resources given by the government to industries to help support and promote environmentally friendlier projects.
Some subsidies come in forms of grants, loans and tax breaks which alleviates the tax burden of an industry. Emission trading was set up so the we could stop global warming. Countries with the smaller carbon footprints save and the bigger polluters pay. A ton of carbon dioxide is equivalent to one permit so having a permit gives you the right to emit a ton of carbon into the air. Each country involved in emission trading is issued a specific number of permits in accordance to how much pollution the government allows, therefore each country has to budget their permits because once they are all used up they have to trade . However they do have options to invest in clean technologies and reduce carbon emission or buy permits from another country that has some left over.