CO2 Tax Act no 21 on Petroleum Activities
Summary
This Act introduces a CO2 tax to be paid on the burning of petroleum and discharge of natural gas in connection with petroleum activities on the continental shelf. These emissions are further regulated by the Petroleum Act, the Sales Tax Act, the Greenhouse Gas Emission Trading Act and the Pollution Control Act.
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About this law
Year
1990
Most recent update
19/06/2015
Geography
Response areas
Mitigation
Sectors
Economy-wide
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Policy instrument
Fossil fuel
Greenhouse gas
Economic sector
Note
The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.