Unit 4 Microeconomics

In: Business and Management

Submitted By JayWill32
Words 359
Pages 2
| [Company Name] |
Memo
To: | Whom It May Concern | From: | Latanya Williams | cc: | [Name] | Date: | December 6, 2015 | Re: | Emissions Taxes to Reduce Pollution and Emissions | | | Emissions taxes are taxes that can provide benefits in reducing emission levels of companies. This tax is a type of Pigouvian tax that relies heavily on the amount of pollution a business emits. Due to this, the more pollution a company emits, the higher the tax the company has to pay. I think the emissions policy I’ve chosen would be the greatest for lowering the total amount of emissions because companies wouldn’t want to pay that high cost of taxes for just pollution. Moving on, emissions taxes let the company choose whether they want to run a clean, efficient business or pay the high cost of emissions taxes for their pollution. In addition to this, the taxes would need a lump sum of money out of the total revenue that a company makes to cover the costs of pollution.
The costs of emissions would really depend on the amount of pollution that a company emits. The cost would be low for a company who gives out low emission levels and is very efficient, and, on the other hand, it would be higher for a business that emits large amounts of pollution. This policy of emissions taxes would include several benefits such as working to aid in the decrease of emissions rates and kind of limit the amount of pollution a company emits. This decrease in emissions would happen because the taxes and costs for the pollution levels would be too high of a cost for how much pollution a company emits.
To determine the best level of reduction in emissions, I would research data and statistics having to do with the emissions levels according to each emission reduction type. Adding on to that, I would conduct an experiment and direct each policy for three different municipalities/communities,…...

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