A carbon tax is a financial charge imposed on companies and individuals based on the amount of carbon dioxide they emit into the atmosphere. The goal of this tax is to encourage businesses and consumers to reduce their carbon footprint by using cleaner energy sources and adopting more sustainable practices. By making fossil fuels more expensive, a carbon tax aims to promote environmental responsibility and combat climate change. The revenue generated from carbon taxes can be used to fund renewable energy projects, public transportation, and other initiatives that support a greener economy. Many countries and regions, including parts of Canada and Europe, have implemented carbon taxes as a way to meet their climate goals and reduce greenhouse gas emissions.