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1 October, 2018 00:00 00 AM
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Experts favour imposing carbon tax

UNB

The major portion of carbon emission in Bangladesh is caused by the power generation, industries and transportation services where mainly fossil fuels- gasoline, kerosene and diesel- are being used, reports UNB.

If 10 per cent carbon tax is imposed on the fuels, it can add at least Tk. 430 crores of revenue in country's annual income as well as reduce 11 lakh tons of carbon emission annually.

Along with decreasing carbon emission, imposition of carbon tax can encourage renewable energy production and green economy in the country.

Policy Research Institute (PRI) organised a dialogue on 'Towards a Carbon Tax for Bangladesh' at their conference room in the city, on Sunday, where experts came up with the observations.

Vice-Chairman of PRI, Dr. Sadiq Ahmed and Director of the organisation, Dr. Bazlul Haque Khondker presented a study finding in the programme.

Dr. Sadiq, while presenting the study, said Bangladesh is experiencing rapid growth in GDP but it may put serious adverse environmental consequences if the fuel using practice is not changed from fossil fuel to renewable one.

He said Bangladesh having 2.7 per cent of the world's population share, is responsible for only 0.2 per cent of global carbon emission.

However, in 2016, it produced at least 22 crore tons of carbon where power generation, industry and transport, altogether, contributed 76 per cent, Dr. Sadiq said.

At least 44 per cent of the total amount of carbon emission in the country is coming from power generation sector while 14 per cent from transportation and rest of the emission is coming from industrialisation and urbanisation, he added.

The PRI researcher claimed carbon emission could be reduced in two consecutive steps- eliminating subsidy from fuel oil and imposing carbon tax on them which would help to decrease carbon emission and increase revenue as well.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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