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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    “Carbon tax” .. Will Iraq pay billions of dollars to the world due to its harmful emissions?

    Rocky
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    “Carbon tax” .. Will Iraq pay billions of dollars to the world due to its harmful emissions? Empty “Carbon tax” .. Will Iraq pay billions of dollars to the world due to its harmful emissions?

    Post by Rocky Mon 05 Sep 2022, 7:29 am


    [size=30]“Carbon tax” .. Will Iraq pay billions of dollars to the world due to its harmful emissions?

    2022-09-05
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    Yes Iraq: Baghdad

    In light of the world’s tendency to reduce harmful emissions, the concept of a “carbon tax” is presented as a “deterrent” option for pollution-producing countries, and perhaps Iraq will find itself obligated to pay taxes in exchange for the amounts of carbon dioxide that it puts into the atmosphere as a result of its oil industry.
    The director of the South Gas Company, Hamza Abdel-Baqi, says that this tax has a special formula that calculates all the hydrocarbons that are released into the atmosphere as a result of burning gas or not investing it.
    He pointed out that this tax will be imposed on Iraq and all international energy-producing countries, noting that this will affect the prices of a barrel of exported oil.
    The EU's proposed "carbon tax", officially called the Adjustment of Carbon Limits Mechanism, was introduced by the European Commission in July 2021 as part of the "Green Deal" to reduce greenhouse gas emissions by 55 percent by 2030 from 1990 levels.
    The concept of a "carbon tax" - charging a fee for every metric ton of carbon dioxide emitted by industry - is an integral part of climate and sustainability policies in many countries, but the EU's carbon limits adjustment mechanism, known as a carbon tax, is the first time. in which prices are applied equally to imports.
     
    In general, Iraq's carbon emissions increased in 2021 by about 9%, as the carbon dioxide emissions of the Iraqi energy sector rose during the past year 2021 to 141 million tons, compared to 130 million tons during 2020.
    With Iraq occupying the fourth place among the Arab countries that export harmful emissions, Iraq's emissions from incineration increased during the past year 2021 to 35.8 million tons, compared to 34.7 million tons during 2020.
     
     
    According to the international pricing, the price of a ton of carbon dioxide exceeds $70, while Iraq can get 10 billion dollars by completely extinguishing its emissions of more than 140 million tons. At the same time, it is not known whether the carbon tax will lead to the deduction of billions of dollars from Iraq due to the high harmful emissions.
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