EVERYDAY SCIENCE

Detailed explanation-1: -An environmental tax, ecotax (short for ecological taxation), or green tax is a tax levied on activities which are considered to be harmful to the environment and is intended to promote environmentally friendly activities via economic incentives. A notable example is carbon tax.

Detailed explanation-2: -emissions taxes that set their rates according to the amount of emissions and extent of environmental damage-known as, “Pigouvian taxes"; indirect taxes on production inputs or consumer goods whose use can damage the environment (for example, excise taxes on gasoline);

Detailed explanation-3: -• Pollution tax is an element of economic mechanism designed to reduce pollution and its negative effect on the environment. • Pollution taxation charges polluters for the damages their actions cause the environment and others.

Detailed explanation-4: -Carbon Tax – It is a form of Pollution Tax. Green Tax – Also known as ECC (Environmental Compensation Charge) is levied on Vehicles (Cars and Two-wheelers) in India. More items