Taxation of Carbon

Taxation of carbon, commonly referred to as a carbon tax, is a policy tool used by governments to address the dual challenges of climate change and environmental degradation by pricing carbon emissions. It involves imposing a fee on the carbon content of fossil fuels, such as coal, oil, and natural gas, or other activities that release carbon dioxide into the atmosphere. The primary aim of carbon taxation is to incentivize individuals, businesses, and industries to reduce their carbon footprint ________ _________ _______ ___ _______ __________ _____ ______.
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