Abstract
Climate crisis is becoming higher on the agenda of the decision makers of the world. A huge amount of resources have been dedicated to green projects, however far less emphasis has been put on tax policy opportunities. Carbon pricing can increase the burden of CO2 producers, but this does not appear to be enough. We need a Green Tax Reform which focuses on the Pigouvian approach and can correct the distortions of different climate hurting activities. Through tax policy tools, the price structure should be drastically changed and serious incentives should be provided to change the behaviours of the consumers and producers to achieve green policy goals.
Highlights
Climate crisis is becoming higher on the agenda of the decision makers of the world
Should we give up hamburgers? In recent years, increasing emphasis has been placed on the importance of tackling the climate crisis and seeking economic and social policy solutions
We see the scientific community outlining with increasing confidence the scenarios that will fundamentally transform our natural environment within decades, and the significant economic and social impacts of this can barely be assessed yet
Summary
Climate crisis is becoming higher on the agenda of the decision makers of the world. A huge amount of resources have been dedicated to green projects, far less emphasis has been put on tax policy opportunities. In recent years, increasing emphasis has been placed on the importance of tackling the climate crisis and seeking economic and social policy solutions. Many people recognise the need for action and would take serious steps, but they are expecting today’s economic and social models to continue. Most of the approaches so far have taken the form of a project or regulation, but the possibility of a substantive tax reform at the level of “big politics” has not arisen. Is it advisable to ignore an opportunity like the one the tax system could provide?
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