What politicians will try to do is foisting those carbon taxes onto the population as an addition to what exists rather than as a replacement. In a perfect world, I would not care what my taxes are called. As long as I know I have to pay them they might well call the extortion fee or what else – I will be rid of my money. The heck with labels. But increasing the burden also has its effects on the people. Some of them are apparent now – there will be more.
As some of the world’s largest carbon emitters, the major emerging Asian economies such as China, India and Indonesia as well as the developed countries Japan and South Korea have been under pressure in international climate change forums to adopt carbon pricing.