carbon tax

Pollution pricing policy

A carbon tax is a fee imposed on the burning of carbon-based fuels like coal, oil, and natural gas, designed to reduce greenhouse gas emissions by making pollution more expensive.

The tax is typically calculated per ton of carbon dioxide released into the atmosphere.

Proponents argue it creates market incentives for cleaner energy, while critics contend it raises costs for consumers and businesses.

The proposed carbon tax would add fifteen cents per gallon to gasoline prices.

emissions

greenhouse gases

Emissions that trap heat

emitters · monitoring · audit · externalities · abatement · sequestration · offset · inventory · reporting · baseline

policy

cap-and-trade

Market-based pollution control

Paris Agreement · dividend · rebate · compliance · regulation · exemption · threshold · implementation · legislation

fossil fuels

petroleum

Natural underground hydrocarbon liquid

gasoline · crude oil · combustion · refinery · hydrocarbons · tar sands · extraction · energy sector · phase-out · divestment

incentive

subsidy

Financial assistance from government

exemption · stimulus · inducement · encouragement · carrot and stick · behavioral change · deterrent · penalty · motivation

sustainability

renewable energy

Self-replenishing natural power

wind energy · green economy · efficiency · green technology · sustainable development · electrification · net zero

Categories
Opposites
policy mechanism

carbon taxtax break

Reduction in owed amount

subsidy · carbon credit · tax credit · tax incentive · rebate

climate policy direction

carbon taxcarbon neutrality

Emissions balanced by offsets

emissions trading · cap and trade

economic philosophy

carbon taxlaissez-faire

Noninterference in commerce

deregulation · free market · non-intervention

Family

tax, taxing, carbon, taxation, taxpayer, carbonation, taxable, untaxed, carbonize

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G