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November 4, 2022

Who pays the tax: carbon pricing by sector and country under alternative climate scenarios

Measures to limit global warming and address climate change are part of policy discussions happening around the globe. These policies can have broad implications for businesses, individuals, economies and the planet. Meeting the agreed-upon objectives of the Paris Agreement will require a significant shift in how countries approach climate change mitigation. This could include policies such as carbon pricing, border adjustments and other regulatory and tax measures.

To assist businesses in this effort, this November 2022 QUEST report examines the carbon price liability by sector and country under alternative climate scenarios. The scope of this analysis is the G20 and OECD countries, which together account more than 90% of world GDP, approximately 80% of world population and above 80% of world carbon emissions.

An EY publication provides details.




The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


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