Carbon tax and new airports

Carbon tax and new airports

To deal with the climate crisis, Korea’s Justice Party presidential candidate, Sim Sang-jung, pledged to introduce a carbon tax bill for the green transition. Ruling Democratic Party of Korea candidate Lee Jae-myung also said that he would make use of such a tax based on the amount of carbon emissions companies produce, which cause global warming.
If the government collects a carbon tax, companies will reduce their carbon emissions, which result from the use of fossil fuels ― including coal and oil ― in order to pay a lower amount of tax. Lee pledged to spend part of […]

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