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Form 8835, Fill in Capable Renewable Electricity, Refined Coal, and Indian Coal Production Credit

Form 8835, Fill in Capable Renewable Electricity, Refined Coal, and Indian Coal Production Credit

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governments around the world need to raise revenue and reduce budget deficits fossil fuel subsidy reform and taxation are two effective ways to do this we all know the covert 19 response from recovery will cost money but that's not the only challenge the recovery also needs to be green to keep us on track for our net zero commitments the good news is that there are tools governments can use that will raise revenue while also accelerating the energy transition fossil fuel subsidy reform and green taxation phasing out consumer fossil fuel subsidies and implementing a modest tax increase on selected fuels could raise over 550 billion us dollars per year globally this includes a tax increase of just 12 and a half cents per liter on gasoline diesel and five dollars per tonne on coal the revenue raised from these measures could be put towards covered recovery packages that fund green industries and jobs provide social protection and most importantly build the sustainable economy we n

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