What is a carbon tax and must residential users pay this tax? - Seedly

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Asked by Anonymous

Asked on 19 Jan 2019

What is a carbon tax and must residential users pay this tax?

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John Lim
John Lim
Level 1. Freshie
Answered on 26 Feb 2019

A tax levied based on the carbon content of fuel, to encourage more environment-friendly production of electricity. Some pricing is inclusive of carbon tax while some is excluded so you have to be careful.

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It is a tax levied on the carbon content of fuels. Some companies pricing are inclusive of carbon tax and some exclude it from final pricing so you have to be careful and check with them.

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Yixiong Chang
Yixiong Chang
Level 5. Genius
Updated on 07 Jun 2019

Our carbon tax will be an emission tax. It will be a tax based on the amount of greenhouse gases (mainly CO2, or any other) released into the atmosphere (Typically based on tons of CO2). Therefore it is not a tax on the carbon content of fuel. But the resultant greenhouse gas that gets into the air. Therefore emitters will be incentivised to reduce emission, by being more efficient in energy production, use cleaner source of fuel, better carbon capture methods etc.

The tax is proposed to be taxed at the source of the largest emitters here. While residents do not directly pay, we will indirectly pay. As producers' cost increase, they will likely pass on the cost to us over time.

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John Lim
John Lim

02 Mar 2019

Great answer! Save $20 OFF your bill by using the promo code OHMREFAFED91