Carbon Tax: Moving Towards a Net-Zero Emissions Future

In the wake of 21st century, climate change has emerged as biggest lifethreatening challenge with a potential evolving into largest, if not most complex, economic opportunity since industrial revolution. While narrowing down its focus to carbon tax regulatory fiscal aspect international law, this article explores role in moulding line commitments assumed by countries under 2015 Paris Agreement. The issue is whether imposition or restructuring rates can have significant impact regulating emissions rationally pushing consumers, investors, and producers, towards an environmentally sound direction. To answer this, investigates three carbon-tax implementation case studies; British Columbia, South Africa, revision European Union Energy Taxation Directive context aviation, aim explore scope contributing factors – from adequate rate determination optimum revenue use successfully curbing carbon-based emissions. Drawing upon policy-efforts studies, challenges solutions, proposes suggestive policy model COVID-19 pandemic, way forward ensuring global carbon-neutrality.