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Growing need for carbon tax

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Surcharge inevitable to address climate change

Four government ministries, including the Ministry of Economy and Finance, have recently requested the Korea Institute of Public Finance to conduct research into how to put a dollar value on carbon emissions. Industry watchers say the Moon Jae-in administration, which has declared the goal of achieving carbon neutrality by 2050, seems to have taken the first steps toward introducing a carbon tax.

In December, the government said it would overhaul the tax system to attain net-zero carbon dioxide emissions, and create a climate........

© The Korea Times

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