carbon tax
The carbon tax is set at a rate of 5 per tonne of GHG emissions tCO2e from 2019 to 2023. The carbon tax level and trajectory post-2023 will be reviewed by 2022 to give time for businesses to adjust to any revision in the carbon tax trajectory.
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The US federal government provides tax credits to taxpayers that capture and store or use carbon dioxide and carbon oxide in accordance with rules laid out in Section 45Q of the Internal Revenue Code of 1986 as amended and the Treasury Regulations thereunder.
. Estimation of reckonable GHG emissions In order to determine whether GHG emissions are equal to or above 2000 25000 tCO2e and are. The purpose is to incentivize investment in carbon capture and storage CCS projects.
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