carbon capture and storage, definition of

A Carbon Tax is a government imposed taxation on source goods and services in an attempt to reduce the production of carbon into the atmosphere.

Usually implemented as a form of 'at source' taxation; i.e. those whom manufacturer or consume the most carbon pay and everybody else on the supply chain picks up the price increase. This is often encountered with a carbon credit scheme, by which carbon producers can 'offset' their taxable carbon emissions against less carbon intense production methods.

As always with such schemes, the devil is in the detail; in particular there has been problems in the past with carbon fraud.

Note: This equally applies to the energy production sector as basic manufacturing; say if coal is being used as a source of electrical power.

• Green campaigners fear UK to renew subsidies to Drax power station
  Billions of pounds from energy bill payers to run out in 2027 but could be extended as soon as Monday
• Burning wood for power not necessary for UK’s energy goals, analysis finds
  Experts say UK should stop biomass burning as electricity sector decarbonisation by 2030 can be achieved without it
• Greens attack Woodside proposal to bury CO2 from WA gas project under pristine reef
  Party labels plan for offshore carbon capture and storage near Scott Reef ‘nothing but greenwashing’ and calls on Albanese government to extend public consultation
• UK gambling with climate targets over carbon capture, say campaigners
  Potential IPCC rule changes could award planned carbon savings from burning US wood pellets to the exporter, not the importer
• Almost 500 carbon capture lobbyists granted access to Cop29 climate summit
  More lobbyists for the controversial technology were present this year, despite debate about its viability
• Keir Starmer to unveil ambitious new UK climate goal at Cop29
  Exclusive: Target is 81% emissions cut compared with 1990, but activists say it must be backed by plan of action
• Great British Energy can become a major power generator, says its chair
  Jürgen Maier’s vision for company includes the potential to borrow its own money in order to rival multinationals
• GB Energy can become a major power generator, says its chief executive
  Jürgen Maier’s vision for company includes it potentially borrowing its own money in order to rival multinationals
• Carbon capture plan is a colossal waste of money | Letters
  The government’s carbon capture scheme is an expensive distraction, argues Dr Richard Carter, while Kate Macintosh and Edric Brown call for a more far-sighted solution to curb emissions
• UK’s £22bn carbon capture pledge follows surge in lobbying by fossil fuel industry, records show
  Scope of oil and gas influence underscores concerns technology will prolong demand for planet-heating natural gas