CARBONTAX

Carbon tax

A carbon tax is a tax levied on the carbon content of fuels. It is a form of carbon pricing. Carbon is present in every hydrocarbon fuel and is released as carbon dioxide when they are burnt. In contrast, non-combustion energy sources—wind, sunlight, hydropower, and nuclear—do not convert hydrocarbons to . is a heat-trapping "greenhouse" gas. Scientists have pointed to the potential effects on the climate system of releasing greenhouse gases into the atmosphere . Since GHG emissions caused by the combustion of fossil fuels are closely related to the carbon content of the respective fuels, a tax on these emissions can be levied by taxing the carbon ...

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carbon tax

Noun

  1. a tax levied on the carbon contents used by the burning fossil fuels, so as to discourage the production of the greenhouse gas carbon dioxide.


The above text is a snippet from Wiktionary: carbon tax
and as such is available under the Creative Commons Attribution/Share-Alike License.

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