Carbon Tax - Definition, glossary, details

Carbon tax is a tax levied on the systems that emit carbon dioxide and contribute to the increase in concentration of greenhouse gases in the atmosphere. The main aim of imposing such tax is to lower the harmful emissions. The carbon tax is calculated based on burning of fossil fuels like coal, petroleum, natural gas in proportion of their carbon content. This serves dual purpose – protecting the environment and raising revenue.

Other Terms

Carbon capture and storage Carbon sink Carbon Sequestration
Clean Development Mechanism Climate Change Carbon Credits
Carbon Trading Cap and Trade Carbon Footprint
Carbon Offset CO2 Scrubber Chemical Absorption
Cogeneration Certified Emission Reduction (CER) Coal Bed Methane (CBM)
Chicago Climate Exchange (CCX) Carbon Cycle Clathrate Gun Hypothesis
Canadian Sedimentary Basin Carbon dioxide Fertilization Carbon dioxide Equivalent
Carbon Intensity Clean Coal technology Carbon Emission Reduction Target (CERT)
Combined Cycle Gas Turbine (CCGT) Corporate Social Responsibility (CSR) Carbon Market
Conference of Parties (COP) Carbon Allowance Carbon Offset
Cap Rock Chloroflurocarbons (CFCs) CO2 migration
Carbon Adsorbent California Climate Action Registry (CCAR) Carbon Financial Instrument (CFI) contract
Carbon leakage Carbon Neutral Climate Feedback
Climate lag Coal Mine Methane Carbon Accounting
Coal Gasification Carbon Price Carbon Calculation

Power Plant CCS - Glossary

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