Green Levy

AAA

DEFINITION of 'Green Levy'

A tax imposed by a government on sources of pollution or carbon emission. A green levy is aimed at discouraging the use of gas guzzlers and inefficient sources of energy, and encouraging the implementation of environmental-friendly alternatives. The term is most commonly used in relation to a tax on fuel-inefficient vehicles.

INVESTOPEDIA EXPLAINS 'Green Levy'

For example, a green levy introduced in Canada in March 2007 is applicable to new passenger vehicles such as cars and SUVs that have a fuel consumption of 13 liters (approximately three gallons) or more per 100 kilometers (about 62 miles).


Some critics of green levies claim that they amount to stealth taxes that hurt consumers by pushing up vehicle prices, but do little to curb emissions.

RELATED TERMS
  1. Socially Responsible Investment ...

    An investment that is considered socially responsible because ...
  2. Green Economics

    A methodology of economics that supports the harmonious interaction ...
  3. Carbon Credit

    A permit that allows the holder to emit one ton of carbon dioxide. ...
  4. Green Fund

    A mutual fund or other investment vehicle that will only invest ...
  5. Green Investing

    Investment activities that focus on companies or projects that ...
  6. Economic Justice

    Economic justice is a component of social justice. It's a set ...
Related Articles
  1. Green Investors Get Heard
    Insurance

    Green Investors Get Heard

  2. Going Green With Exchange Traded Funds
    Mutual Funds & ETFs

    Going Green With Exchange Traded Funds

  3. Clean Or Green Technology Investing
    Investing

    Clean Or Green Technology Investing

  4. Go Green With Socially Responsible Investing
    Personal Finance

    Go Green With Socially Responsible Investing

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center