As we know Ireland has a big debt economic problems. I was amazed to read on how Ireland embraced a new strategy to help reduce its staggering deficit. They charge households and businesses for the environmental damage they cause and imposed taxes on most of the fossil fuels based on carbon dioxide emissions. This move drove up the oil and gas prices and residents are billed for anything that is not being recycled. Result is that Ireland has seen its emissions drop more than 15 percent since 2008. This law helps to Ireland reduce a daunting deficit by several billion euros each year and saves our environment. As Irish quickly shifted to greener fuels and cars and began recycling with fervor, many automakers also started to make powerful cars with an emissions rating as low as tinier Nissans. Mercedes and Volvo began making cars with high-efficiency diesel engines that shut off rather than idle when they stop.
But not all Irish are happy. The prices of basic commodities like gasoline and heating oil have risen 5 to 10 percent that makes their living much more difficult.
Many of other European countries like Sweden, Denmark and the Netherlands have already taxed carbon dioxide emissions since the early 1990s, and Japan and Australia have introduced them more recently.
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