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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
As for preparations for Aramco's IPO, several important actions have been taken, including the issuance of the hydrocarbon tax system, the re-issuance of an exclusive franchise agreement, the appointment of a new board of directors and the first-ever releasing of Aramco's annual financial report and audit of its oil reserves.
You probably haven't heard the White House boast that the hydrocarbon tax bill is designed to make the entire country follow the rules of bankrupt California in terms of "energy efficiency."
According to the Constitution, the President had ten days to decide on one of four possible reactions to the law, which would require Petroleum companies to pay 18 per cent well-head royalties and a 32 per cent direct hydrocarbon tax. At 1pm today, the last possible minute, it was publicised that the president would neither promulgate nor veto the law.