ABSTRACT
See also: biosequestration, carbon capture and storage, carbon cycle, carbon dioxide (CO2), fossil fuels, land carbon sink, ocean carbon sinks.
Note
Further reading
A carbon tax is a specific tax levied on each unit of carbon dioxide (CO2), or carbon dioxide equivalent (CO2e) of other greenhouse gases, emitted to the atmosphere. It is normally levied at a rate per tonne – for example, $ 10/tonne CO2. As with emissions trading, the primary objective of a carbon tax is to establish a cost penalty on greenhouse gas emissions (normally referred to as a carbon price). Introducing a cost penalty on emissions is one of a suite of options available to help reduce emissions.
