Business Terms and Jargon Explained

What is Carbon Tax

This is a tax on the manufacturing sector for its carbon or co2 emissions that pollute the planetís atmosphere. The purpose is to incentivize business that have a large co2 emissions to finding cleaner alternatives or making the process more friendly by braking down the co2 or putting it to better use. The tax cost will affect the price of a products and also incentives buyers to find alternatives.

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Term created / updated 2020-11-05 16:05:40

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