kliimamaks

Kliimamaks, also known as carbon dioxide tax or climate tax, is a type of carbon pricing implemented in Estonia since 2018. It is a tax levied on the combustion of fossil fuels, such as coal, oil, and natural gas, as well as on certain industrial processes.

The main objective of Kliimamaks is to reduce Estonia's greenhouse gas emissions and mitigate the impact of climate change. The tax is based on the carbon content of fuels and is intended to encourage the use of cleaner energy sources. The revenue generated from Kliimamaks is used to fund various initiatives aimed at reducing emissions, such as renewable energy projects and energy efficiency measures.

The tax is charged to individuals and businesses, and the rate varies depending on the type of fuel being used. The tax is calculated as a fee per ton of carbon dioxide emissions. The tax exemptions apply to certain sectors, including transportation, where the infrastructure for alternative fuels is still under development.

The implementation of Kliimamaks has been seen as a pioneering effort in the Baltic region, with other countries considering the introduction of similar schemes. Since its introduction, there has been a noticeable shift towards the use of cleaner energy sources in Estonia. The country has seen significant investments in wind and solar power, contributing to a reduction in greenhouse gas emissions.

Overall, Kliimamaks is designed to be a key component in Estonia's efforts to transition towards a low-carbon economy, and its impacts continue to be closely monitored by researchers and policymakers alike.