Under a carbon tax, the government sets a price that emitters must pay for each ton of greenhouse gas emissions they emit. Businesses and consumers will take steps, such as switching fuels or adopting new technologies, to reduce their emissions to avoid paying the tax.
AcarbontaxisLevied on the carbon contentoffossil fuels.Thetermcanalsorefertotaxing other typesofgreenhouse gases emissionssuchasmethane.Acarbontaxputsapriceontheseemissions toencourage consumers,businessesandgovernmentstoproduce lessofthem.
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Under a carbon tax, the government sets a price that emitters must pay for each ton of greenhouse gas emissions they emit. Businesses and consumers will take steps, such as switching fuels or adopting new technologies, to reduce their emissions to avoid paying the tax.
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A carbon tax is Levied on the carbon content of fossil fuels.The term can also refer to taxing other types of greenhouse gases emissions such as methane.A carbon tax puts a price on these emissions to encourage consumers,businesses and governments to produce less of them.
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