Affiliation:
1. R.V. College of Engineering, India
2. PES University, India
Abstract
Green economy and its relevant concepts have gained popularity during the last decade to promote and support equitable and sustainable development. Developing countries have deliberately undertaken initiatives that float responsible development, valuing the magnanimity and foresight of these principles despite their barriers to the progress of a developing nation. The repeating idea of placing a tax on the production, use, and emission of carbon by industry has been recognized and implemented by governments worldwide. The principle addressed in this chapter advocates for the implementation of carbon tax measures in a selective and authoritative manner, which historically led to non-conformity, restlessness, and inefficiency. The objective of this article is to utilize Petri Nets to legalize the behavior of a multi-level marketing system to assure an effective carbon tax hierarchy to promote a green economy, to optimize it, and to model it.
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