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Preferred term

carbon tax  

Definition

  • A CARBON TAX is a market-based instrument (MBI) designed to reduce the severity of climate change. It does so by discouraging the use of energy sources that emit carbon dioxide (CO2) by making their use more expensive, through economic rather than government regulation. [Source: Encyclopedia of Environment and Society; Carbon Tax]

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https://concepts.sagepub.com/social-science/concept/carbon_tax

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