Carbon tax and Novation: Difference between pages

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''Tax''.
''Law.''


Carbon taxes are ones designed to reduce amounts of greenhouse gas emissions, including carbon dioxide.
#A method of loan transfer, which transfers the rights and obligations of a lender by creating in law a new ('nova') contract between the parties, on the same terms as the original agreement except that the transferee has taken the place of the transferor.
 
#More generally, the legal process of creating a new contract, with the commercial effect of transferring legal rights and obligations. Another example is the novation of trading contracts through a central counterparty.  
Examples include taxes on motor vehicles and their fuel, especially when higher rates of tax are levied on relatively more polluting products and activities.




== See also ==
== See also ==
* [[Carbon Border Adjustment Mechanism]]
* [[Substitution]]
* [[Carbon credits]]
* [[Assignment]]
* [[Carbon footprint]]
* [[Sub-participation]]
* [[Corporate social responsibility]]
* [[Clearing house]]
* [[Renewables]]
* [[Central counterparty]]
* [[Streamlined Energy and Carbon Reporting]]
* [[Tax]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Long_term_funding]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Compliance_and_audit]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 17:01, 19 April 2015

Law.

  1. A method of loan transfer, which transfers the rights and obligations of a lender by creating in law a new ('nova') contract between the parties, on the same terms as the original agreement except that the transferee has taken the place of the transferor.
  2. More generally, the legal process of creating a new contract, with the commercial effect of transferring legal rights and obligations. Another example is the novation of trading contracts through a central counterparty.


See also