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English definition of “carbon tax”

carbon tax

noun [C]
 
 
ENVIRONMENT, SOCIAL RESPONSIBILITY, TAX a tax on the use of fossil fuels or on activities that cause carbon dioxide to be released, harming the environment: Many now argue that a simple carbon tax on each ton of emissions would be more efficient and less bureaucratic than a cap-and trade system.
(Definition of carbon tax from the Cambridge Business English Dictionary © Cambridge University Press)
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