Amity Law School, Lucknow, India
From the very inception of this century, the world has been experiencing a drastic increment in the change in global temperature. This effect was calculated and it was seen that the change in rise in temperature has increased after the industrial era. A sound deduction takes us to the reason behind this unpredicted warming, i.e. Anthropogenic activities via fossil fuels industries. These industries after globalization took the advantage of exploiting the resources of the entire world. Burning of fossil fuels causes the emission of carbon dioxide in large quantities, the main reason for the rise in temperature which results in melting of ice, unseasonal rainfall, floods, shift in precipitation belts and more. The damage caused to the environment for the personal gain of these companies and industries is just criminal. Due to this climate change, beaches are experiencing floods and people living in small islands are in peril, trying to adapt to this cruel phenomena of climate change. Air Quality Index has deteriorated in the past years in many region of the world. Forest area has significantly reduced. The nations are trying to cope up but these industries use certain political and economical tactics to make their business keep growing. The only solution hence, that can save the world from a doomsday is Carbon Tax. It is a policy which aims to mitigate the use of fossil fuels. It does not just makes us contribute accordingly but, also forces to reduce the emissions and switch to the renewable form of energy. The paper explores further the use of carbon tax and why is it the need of the hour.
Keywords: Global warming, temperature, fossil fuel, Carbon Tax, Air Quality index, Climate Change