Asked by Anonymous
Asked on 19 Jan 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.
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.