(C11.1c) Complete the following table for each of the tax systems you are regulated by.
Question dependencies
This question only appears if you select a carbon tax system in response to C11.1a.
Change from last year
Modified guidance
Rationale
This question will allow investors to consistently track and analyze, in a detailed and consistent manner, the corporations participating in carbon tax systems as well as what costs they currently bear.
Connection to other frameworks
SDG
Goal 13: Climate action
Response options
Please complete the following table
| Tax system | Period start date | Period end date | % of total Scope 1 emissions covered by tax | Total cost of tax paid | Comment |
|---|---|---|---|---|---|
|
Fixed table rows are populated by selection in C11.1a |
Enter the start date that applies to the data in the row. Use the calendar button or enter dates manually in the format DD/MM/YYYY. Please note that the period reported should overlap with the reporting year.
|
Enter the finish date that applies to the data in the row. Use the calendar button or enter dates manually in the format DD/MM/YYYY. Please note that the period reported should overlap with the reporting year. |
Numerical field [enter a number from 0-100 using a maximum of 2 decimal places and no commas] |
Numerical field [enter a number from 0-999,999,999,999 using a maximum of 2 decimal places and no commas] |
Text field [maximum 2,400 characters] |
Requested content
General
- Carbon taxes are intended to directly charge emitters for the cost of pollution. However, the policy application of this definition changes on a system-by-system basis and may affect sectors differently. For example, some policies may tax producers directly; others may attribute the cost to consumers of the processed fossil fuels (i.e. utilities); and others yet may tax users such as in the form of big businesses. This question asks for information only on your direct, Scope 1 emissions that are subject to a carbon tax.
Period start date and end date (columns 2 and 3)
- Please note that the period reported should overlap with the reporting year.
- If you are using the Export/Import functionality, please check that the imported date is correct.
% of total Scope 1 emissions covered by tax (column 4)
- This column requests the percentage of your total Scope 1 emissions over the period specified in columns 2 and 3 that were taxed by this carbon tax.
Total cost of tax paid (column 5)
- The total cost of tax paid reported here should be total cost of this carbon tax paid over the period specified in columns 2 and 3.
Comment (column 6) (optional)
- If you select “Other carbon tax, please specify” in C11.1a then please provide the full name of the carbon tax in this column.
Additional information
- British Columbia Revenue-Neutral Carbon Tax (2008): The British Columbia carbon tax is a regional carbon tax. The policy applies to all sectors in aims of nudging business towards more energy efficient, and thus more cost efficient, operations. Tax revenue is recycled back to payers in the form of other reductions or returns. Fossil fuel producers and importers are liable for a monthly payment of the tax.
- Japan’s Tax for Climate Change Mitigation (2012): Japan’s carbon tax applies to all sectors and even with some exemptions, captures almost 70% of the country’s GHG emissions. The tax aims to fairly distribute the cost of fossil fuel usage and incentivize the transition to a low-carbon economy. Costs are incurred by the fossil fuel producers, who are expected to pay the tax on a bimonthly basis.
- United Kingdom Carbon Price Floor (2013): The UK’s CPF covers the power sector at a higher tax rate than the EU ETS market price. This policy considers power producers as the users of fossil fuels and thus attributes the quarterly tax for fossil fuels to them.
