Enhancing U.S. Corporate Compliance with Environmental Regulations through the Implementation of a Corporate Carbon Tax
Journal Title: Journal of Environmental Law & Policy - Year 2024, Vol 4, Issue 1
Abstract
This article focuses on corporate contribution towards global carbon emissions and how to close existing policy gaps and internalize the external costs associated with carbon emissions. This article discusses the implementation of a corporate carbon tax as a calculated policy move to increase United States companies' adherence to environmental laws. Establishing monitoring systems, defining precise emission objectives, and incentivizing green technology are all steps toward improving corporate compliance and, thus, the environment. The plan emphasizes flexibility, compliance, and stakeholder participation to address any obstacles. Incentives for sustainable practices, lower emissions, innovation in clean technology, and environmental project funding are a few advantages of the proposed carbon price. Obstacles and limitations include industrial resistance, worries about competitiveness, and international cooperation requirements.
Authors and Affiliations
Rayaan Altaf
Keywords
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- DOI https://doi.org/10.33002/jelp040106
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