Elon Musk's Calls for Carbon Tax Receive Mixed Responses

After receiving criticism from his "bombing" at SNL, Elon Musk faces another set of media fire after calling for Carbon tax on Twitter.

Carbon Tax

Elon Musk believes that imposing a carbon tax is the most effective way to reduce carbon dioxide emissions.

Joe Rogan Podcast

Musk told Joe Rogan on The Joe Rogan Experience podcast, "My top advice, frankly, will be to only add a carbon tax." "The economy is in perfect shape. Prices and capital are only indicators... If the price is incorrect, the market will not act appropriately."

There is currently no clear monetary penalty for companies and enterprises that emit greenhouse gases into the atmosphere; in other words, it is currently free to emit greenhouse gases, the most important and widespread of which is carbon dioxide. When fossil fuels such as coal and gas are burnt, carbon dioxide is released. Carbon dioxide in excess in the atmosphere absorbs heat and contributes to global warming.

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