Business

Elon Musk Advocates CO2 Tax To Fight Back Climate Change Crisis

CEO and founder of SpaceX, billionaire Elon Musk has pitched for carbon di oxide tax to tackle the ongoing problem of climate change.

In a post on the social media site X on Wednesday, Musk stated that if appropriately imposed, a CO2 tax would afford significant leverage in addressing the issues caused by the rapidly growing CO2 levels.

He added, “If we do need something to tax, it should be something potentially harmful, instead of something potentially beneficial, as is done for vegetables and fruits, instead of tobacco and liquor.”

Also Read: Sensex Opens In Red Following Profit Booking In Smallcap And Midcap Stocks

The tech mogul acknowledged that the long-term risk is extremely significant, even if one considers life simply at a fixed CO2 level, but he disagreed with others who think this issue will be disastrous in the next five to ten years.

In a graphic that was attached to his X post, he stated that while 400 parts per million is the optimal level of outdoor air, the current levels are substantially higher—at least 800 parts per million compared to the ideal—and that anything over 1000 parts per million would be considered out of control.

Shibra Arshad

Recent Posts

EAM Jaishankar Arrives In Ghana To Strengthen Bilateral Ties

EAM S. Jaishankar begins his Ghana visit to strengthen India-Ghana ties and expand cooperation across…

28 mins ago

Uttar Pradesh Surpasses Gujarat In Rooftop Solar Under PM Surya Ghar Scheme

Uttar Pradesh has overtaken Gujarat with more than 8.80 lakh rooftop solar installations under the…

59 mins ago

1st T20I: Naman Dhir Impresses On Debut As India Restrict West Indies To 171

Naman Dhir claimed 3/31 on T20I debut as India bowled out West Indies for 171…

1 hour ago

Jio ₹859 Recharge Plan Offers 168GB Data, Unlimited 5G And Free Gemini Pro

Jio’s ₹859 prepaid plan offers 84-day validity, 168GB data, unlimited 5G, calls, SMS and 18…

1 hour ago

Festival Spending Can Quietly Derail Your Monthly Budget

Festival spending can strain your budget. A simple plan helps you enjoy the season without…

2 hours ago

Bengal Bypolls: Nandigram, Rejinagar See Record Polling

Bengal’s Nandigram and Rejinagar bypolls recorded nearly 79% turnout amid allegations of electoral malpractice and…

2 hours ago