The market is able to ignore the greater environmental burden of virgin plastics. Economists have known that the most efficient way to address this is to level the playing field by making users of virgin plastics pay for the added costs the virgin plastic adds to the globe.
Green recovery: Spur small business climate action for stable economies, says international small business leader
In a world that is dominated increasingly by the effects of climate change, small businesses need more support than ever to keep economies running and citizens happy and healthy. Small businesses, governments and industry leaders alike can work together to build a resilient ecosystem by raising awareness, emphasizing proactivity over reactivity and cultivating accountability.
Austria announced the introduction of a new “eco-social” reform of the tax system. Everyone in the governing coalition gets something: but does the environment?
There’s one thing holding public power back as the industry strives to meet the ambitious clean energy goals — the federal tax code. As it currently stands, federal tax policy puts public power communities at a disadvantage by having them pay more for the same clean energy outcomes as customers in other market.
Policy design and timing are critical to overcoming political costs to climate mitigation policies, as is the need to provide effective social insurance policies.
The European Commission recently proposed an EU-wide minimum tax rate for polluting aviation fuels such as kerosene to reduce CO2 emissions by 55% by 2030.
Fossil fuel and mining companies would contribute billions toward conservation programs under a new proposal in the United States Congress.
The measure, if approved, will force EU businesses to pay a carbon levy for goods they import from outside the bloc. The problem is that some nations might not want to go down the carbon neutrality route as fast as the EU.
Environmental taxes on the aviation sector could contribute 1.5 billion euros to the State budget of Belgium.