It is basically a charge on fossil fuels based on their carbon content. Fossil fuels include coal, oil and natural gas.
A carbon tax is a monetary penalty that can be imposed on a business/agency/institution that burns fossil fuels. They are usually only taxed if their carbon usage exceeds a reasonable level, but this might change with the new climate bill. A carbon tax is really a negative incentive to those who burn an enormous amount of fossil fuels. It’s a step toward trying to make the economy more efficient and eco-friendly.
Click here to cancel reply.
Sorry,At this time user registration is disabled. We will open registration soon!
Don't have an account? Click Here to Signup
© Copyright GreenAnswers.com LLC