Carbon tax: Definition
A carbon tax levies charges on the carbon emissions associated with goods and services, incentivising emission reduction efforts and reducing demand for high-emission products.
Related Terms
Supply chain emissions
Supply chain emissions, also known as upstream emissions, manifest upstream within a company's supply chain during the production…
Carbon reduction
Carbon reduction involves decreasing a company's GHG emissions, often achieved by transitioning to eco-friendly suppliers or clean energy…
Net zero
Net zero is the point at which the greenhouse gases an organisation or country emits are balanced by…
Decarbonisation
Decarbonisation, also called carbon reduction, involves reducing a company's GHG emissions, typically through the adoption of eco-friendly suppliers…