carbon tax


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carbon tax

a tax on the emissions caused by the burning of coal, gas, and oil, aimed at reducing the production of greenhouse gases
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
Ontario Environment Minister Jeff Yurek places a sticker on a gas pump advising consumers on the cost of the carbon tax.
Last year the current carbon tax of [euro]20 per tonne of C02 which is applied to diesel, petrol and all other fuels generated [euro]481million.
In Section II, I begin by introducing the concept of a carbon tax as a means to achieving climate goals.
(Hagmann and Loewenstein, 2019) The present international impetus for carbon pricing has recently brought about carbon taxes enabling the employment of counterbalances from emission sources not intended by the carbon tax for adherence to the tax load.
In fact, Canadian small- and medium-sized companies, along with municipalities, universities, school boards and hospitals, will pay nearly 50 per cent of the billions in new carbon tax revenues, while they will be eligible for just seven per cent back in grants and rebates over the next five years.
Six other provinces are exempt because each has come up with their own carbon tax or cap and trade system to help Canada meet its Paris Agreement target of reducing CO2 emissions by 30 percent from 2005 levels by 2030.
Prospects for statewide efforts may look bleak too, after (https://www.vox.com/energy-and-environment/2018/9/28/17899804/washington-1631-results-carbon-fee-green-new-deal) ballot initiatives in Washington state  that would have created the nation's first carbon tax failed in 2016 and 2018.
Regulatory policies exhibit a wide divide between theory and practice, making comparisons of a politically chosen carbon tax to its textbook rendition something of a misplaced debate.
A carbon tax that jacks up government revenues and increases spending on ministerial pet projects will be a failure, let's be clear on that.
Finland was the first country to establish a carbon tax in 1990.
THE Welsh and Scottish Governments have voiced alarm over Westminster's plans to introduce a carbon tax in the event of a no-deal Brexit.