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

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

2 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

2 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

3 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

3 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

4 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

4 hours ago