A carbon tax is a fee imposed on the burning of carbon-based fuels (coal, oil, gas) aimed at reducing greenhouse gas emissions. It's designed to incentivize businesses and consumers to shift towards cleaner energy sources by making fossil fuels more expensive.
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The release of gases into Earth’s atmosphere that trap heat, contributing to global warming.
Collective Action Problem: A situation where individuals' or groups' interests conflict with the collective good, making cooperation difficult but necessary for better outcomes.
Environmental Policy: Government actions and procedures aimed at protecting the environment from harm caused by human activities