carbon tax (Q716)
Jump to navigation
Jump to search
A carbon tax charges emitters per ton of greenhouse gas emissions, creating an economy-wide price signal that incentivises emission reductions. It offers price certainty but no fixed reduction target.
- taxes on green house gases
- taxes on greenhouse gases
- taxes on GHG
- carbon taxation
- carbon taxes
- taxes on carbon
- taxation on carbon
- carbon dioxide tax
- carbon dioxide taxes
- tax on GHG
- CO2 tax
- CO2 taxes
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | carbon tax |
A carbon tax charges emitters per ton of greenhouse gas emissions, creating an economy-wide price signal that incentivises emission reductions. It offers price certainty but no fixed reduction target. |
|
Statements
A carbon tax requires emitters to pay a fee for each ton of greenhouse gas emissions they produce. This tax incentivises businesses and consumers to reduce emissions by switching to cleaner fuels or adopting low-carbon technologies. Unlike an emissions trading scheme, a carbon tax provides certainty on carbon pricing but does not guarantee specific emission reduction levels.
3 references