Tax on pollution can support innovation
SOER 2010 Key fact (Deprecated)
Published 09 Jan 2012
By increasing tax on pollution and other environmentally-damaging activities, governments can use the extra funds to provide incentives for innovation, such as developing renewable energy. For advanced economies like the EU, such schemes also create new technologies which can be exported globally.
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For references, please go to https://www.eea.europa.eu/highlights/environmental-tax-reform-increasing-individual/key-facts/tax-on-pollution-can-support-innovation or scan the QR code.
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