ECO130 - Topic 6 (10)

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Lea_
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300744
Filename:
ECO130 - Topic 6 (10)
Updated:
2015-04-13 23:57:39
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ECO130
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ECO130
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ECO130 - Topic 6 (10)
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  1. Super Profits Tax
    A tax on the economic profits of the firm.

    Usually levied on profits earned in industries with immobile resources such as minerals.
  2. Mineral Royalties
    Payment by firms to the government for mineral extracted from the ground.
  3. Climate Change
    Refers to long-term changes in the world's climate which are widely believed to involve the global warming and which are also widely believed to be caused by human activity.
  4. Carbon Tax
    Is a tax levied per tonne of carbon emitted by producers.
  5. An Emissions Trading Scheme (ETS) aka Cap and Trade Scheme
    Is a government scheme requiring firms that produce emissions of pollutants to purchase tradeable permits giving them the right to do so.

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