Fiscal considerations in the design of green tax reforms are crucial to convince finance ministries of the potential benefits of environmental fiscal reform (EFR). This GGKP working paper develops a conceptual framework that allows policymakers to estimate the revenue potential of an envisioned EFR instrument. EFR revenues fundamentally depend on the tax rate and the size and elasticity of the tax base. In practice, however, policymakers need to consider the value of exemptions and reductions, external revenue effects, inflationary and time effects, administration costs, and the costs of compensatory spending. The conceptual framework is developed with reference to relevant international country case studies, highlighting the key points.
The International Journal on Green Growth and Development is an effort to stir a debate around emerging “green” concepts and development.
China’s economy continues to grow rapidly with corresponding increases in both energy consumption and environmental pollution. Renewable energy is a key part of China’s response to this challenge.
Climate change (CC) adaptation and mitigation are identified as priorities in the Updated 2004 – 2010 Medium -Term Philippine Development Plan (MTPDP), in the light of increased occurrence of extreme weather events that are disturbing not only communities and livelihoods, but also the natural res
The COVID-19 pandemic is likely an example of how the disturbance of ecosystems can have systemic consequences.