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The mining industry as a net beneficiary of a global tax on carbon emissions

Economics

The mining industry as a net beneficiary of a global tax on carbon emissions

B. Cox, S. Innis, et al.

Discover how carbon taxation impacts the mining industry in this groundbreaking study by Benjamin Cox, Sally Innis, Nadja C. Kunz, and John Steen. The research reveals that most mining commodities will see a manageable increase in product value, positioning the mining sector as a potential net beneficiary of global carbon taxes. Dive into the details of this financial model analysis to understand its implications for renewable energy production.

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Playback language: English
Abstract
The increasing demand for minerals and metals in renewable energy production necessitates examining the impact of carbon taxation on the mining industry. This study uses a financial model to assess the cost of carbon taxes for 23 commodities across three industries. Findings indicate that most mining commodities would experience less than a 30% increase in product value under various tax levels, unlike carbon-intensive sectors like coal, which could face significantly higher taxes. This suggests that the mining industry could be a net beneficiary of a global carbon tax.
Publisher
Communications Earth & Environment
Published On
Feb 03, 2022
Authors
Benjamin Cox, Sally Innis, Nadja C. Kunz, John Steen
Tags
carbon taxation
mining industry
renewable energy
financial model
commodity value
global carbon tax
sustainable mining

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