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
References in periodicals archive ?
5 percent ordinary hydrocarbon tax with a "much smaller" royalty, Messmacher said, though he said the specific rate has not yet been decided.
According to the Constitution, the President had ten days to decide on one of four possible reactions to the law, which would require Petroleum companies to pay 18 per cent well-head royalties and a 32 per cent direct hydrocarbon tax.