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Abstract

Summary

Significant reductions in greenhouse gas emissions, particularly CO2 emissions from industry, are essential to prevent climate change. Carbon pricing is a low-cost and effective tool to encourage carbon reduction. Although this domain of research has received widespread attention in literature, however, the studies available have not considered the application of carbon tax to support the CO2 utilization in industrial parks. Therefore, this study focused on developing a resource trade scheme for CO2 integration and utilization with implementing carbon tax. As such, a simple CO2 utilisation model is proposed; where carbon taxes are applied to the source if a specific amount of their emissions was not captured, or the sinks if they flared the allocated emissions from the source. The economic effect of a carbon tax varies significantly depending on how the generated tax revenues are used. When considering a vendors perspective, the profit decreases when paying a carbon tax since the process expenses increases. However, carbon taxes can increase the government’s revenues, which as a result has a positive impact on the economy.

© EAGE Publications BV
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/content/papers/10.3997/2214-4609.20224110
2022-03-21
2024-04-29

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Applying Carbon Tax Within CO2 Utilisation Networks in Qatar
Conference Proceedings 2022, 1 (2022); https://doi.org/10.3997/2214-4609.20224110
/content/papers/10.3997/2214-4609.20224110
/content/papers/10.3997/2214-4609.20224110
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