Carbon Tax
/ˈkɑːrbən tæks/
Definitions
- (n.) A levy imposed by a government on the carbon content of fossil fuels to reduce greenhouse gas emissions.
The government introduced a carbon tax to incentivize companies to lower their carbon footprint.
Forms
- carbon tax
- carbon taxes
Related terms
See also
Commentary
The term specifically refers to a direct tax on carbon emissions, distinct from market-based mechanisms like cap and trade.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.