green tax

noun

1. any tax imposed with the aim of regulating activity in a way that benefits the environment

Example Sentences

It has also delivered financial windfalls for big banks, lawyers, insurance companies and start-up financial firms by creating an expansive new market in green tax credits.

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The climate control facility he mentioned was a reference to his tax and climate spending law that was titled the Inflation Reduction Act and included nearly $370 billion in green tax credits to spur clean energy production.

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The Atlantic Declaration would allow British electric car firms access to new US green tax credits and subsidies, steps up co-operation on AI and includes a data protection deal.

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The EU agreed in February to loosen state aid rules, paving the way for France to unveil a green tax credit package, which can be worth up to 40% of a company's capital investment in wind, solar, heat-pump and battery projects.

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Since taking control of the House in January, Republicans have passed measures to reverse or pare back Biden-backed laws, including the Inflation Reduction Act that includes green tax credits and reforms aimed at lowering prescription drug prices.

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