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.

From New York Times

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.

From Washington Times

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.

From BBC

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.

From Reuters

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.

From Reuters