<![CDATA[The purpose of this study is to examine the role of carbon taxation in advancing the green economy agenda, with a focus on its effectiveness, distributional implications, and policy implications. Employing a qualitative literature review methodology, the research synthesizes existing scholarly literature to comprehensively explore diverse perspectives, theoretical frameworks, and empirical findings within the field. The study formulates specific research questions to guide the literature review process, focusing on key themes such as the theoretical underpinnings of carbon taxation, empirical evidence on its effectiveness, challenges and barriers to implementation, and policy implications. Through a systematic search strategy and rigorous quality appraisal techniques, relevant academic sources are identified and critically analyzed to extract key insights, identify recurring themes, and establish connections between different perspectives. The findings underscore the effectiveness of carbon taxation in reducing carbon emissions and promoting sustainable development, supported by empirical evidence and economic theories. However, the study also highlights distributional implications and equity considerations, emphasizing the need for targeted policy interventions to address social equity concerns. The implications of the study extend to policymakers, businesses, and civil society organizations, emphasizing the importance of integrating carbon pricing with complementary policies and institutional frameworks to enhance its effectiveness in achieving green economy objectives.]]>
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