Reported about 1 year ago
On July 5th, the 4th carbon tax rate review committee meeting was held by the Ministry of Environment where the impact of reduction effectiveness and varying rate scenarios was discussed. While overall economic effects and consumer price index impacts were deemed insignificant, committee members requested a more detailed evaluation on individual industry impacts for the next meeting to ensure a comprehensive carbon tax rate determination. The Ministry proposed different rate scenarios for evaluation purposes, emphasizing that the simulations presented were not final decisions. Suggestions were made to assess more rate options for impact. Future discussions will focus on industry-specific impacts while also considering phased adjustments to the carbon tax rate for effective reduction incentives and manageable costs.
Source: YAHOO