On the Views of Carbon Tax in Korea

To comply with the UNFCCC agreement, many countries are expected to make efforts to reduce the greenhouse gas emission level down to 1990 by the year of 2012. The agreement is intended to reduce the consumption of fossil fuel that causes the greenhouse effect. The global warming has been accelerated by the greenhouse effect resulted from the CO2 emission and has become a serious global issue requiring a fundamental solution. Many environmentalists regard the carbon tax imposition on fossil fuel consumption as an efficient measure to reduce the greenhouse gas, i.e., CO2. Environmentalists and scholars in Korea are generally showing positive attitudes toward this tax scheme.