carbon tax

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carbon tax

n
(Environmental Science) a tax on the emissions caused by the burning of coal, gas, and oil, aimed at reducing the production of greenhouse gases
References in periodicals archive ?
This partnership focuses on providing a strong intellectual justification for the use of the social cost of carbon in regulatory proceedings.
A caveat to this prescription is that the rate may need to differ from the social cost of carbon in the presence of market distortions.
And although a United States government Federal Interagency Working Group (IWG) estimated the social cost of carbon (SCC) to be $36/ton; the actual societal benefits of carbon - as a by-product of energy production - is 50 to 500 times greater than the perceived cost.
OMB to Take Comments on New Social Cost of Carbon Calculation
Readers, bogged down in the dense discussion of the social cost of carbon, may not understand the text of his article but get the idea carbon taxes are dangerous.
The strategy outlined in the white paper is to direct investment into low carbon sources of electricity generation, by providing long-term contracts designed to offset the higher fixed costs of new low carbon power plants, and introducing a carbon price floor to take into account the social cost of carbon.
The final step in modelling the social cost of carbon is irrelevant to the Austrian economist and libertarian political philosopher, for any benefits to others do not cancel out the denial of negative liberty, or freedom from interference, that AGW could entail.
But Friends of the Earth say the social cost of carbon emissions is not as clear cut as the report suggests.
Using previous international research into climate change, the report estimates covering the social cost of carbon emissions would have cost pounds 11.
The report estimated covering the social cost of carbon emissions would have been pounds 11.
Under these assumptions, the cost of the externalities arising from land-use changes from the RFS is between 6 and 16 percent of the social cost of carbon.