CO2 taxation on electricity generation for trees replanting in Malaysia
Because environmental consciousness all over the world, many countries have been forced to abate the emissions, especially CO2. One of the policies is to introduce CO2 taxation on electricity generation companies for replanting trees. The electricity generation in Malaysia has used the fuels: 70% ga...
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2017
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| Online Access: | http://dspace.uniten.edu.my/jspui/handle/123456789/6278 |
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| Summary: | Because environmental consciousness all over the world, many countries have been forced to abate the emissions, especially CO2. One of the policies is to introduce CO2 taxation on electricity generation companies for replanting trees. The electricity generation in Malaysia has used the fuels: 70% gas, 15% coal, 10% hydro and 5% petroleum in the year 2000 and projects a change to 40% gas, 30% hydro, 29% coal and only 1% petroleum in the year 2020. This study attempts to predict the potential taxation on CO2 production by electricity generation for replanting threes in Malaysia. The calculation is based on a CO2 tax of 57 MR$/tCO2 (1 US$ = 3.8 MR$), the cost of replanting of 3.04 MR$/tree and the trees survival factor of 60%. The study found that a large number of trees can be replanted by introducing this strategy, which will reduce CO2 emission in this country. © 2002 Elsevier Science Ltd. All rights reserved. |
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