Meaning of “carbon tax” in the English Dictionary

business-english dictionary

(Definition of “carbon tax” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"carbon tax" in Business English

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carbon taxnoun [ C ]

uk us

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)