Q. What is Carbon Levy?
Answer: It’s a tax levied on carbon fuel
Notes: Carbon tax is levied on the carbon content of fuels. So, in Carbon Tax, the burning of fossil fuels viz. coal, petroleum products such as gasoline and aviation fuel, and natural gas is taxed in proportion to their carbon content. The result is an increase in the competitiveness of non-carbon technologies compared to the traditional burning of fossil fuels. It directly helps to protect the environment while raising revenues.

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