Environmental tax reform is seen by many experts as a powerful instrument to achieve environmental objectives and at the same time create economic benefits. It may also contribute to a stable basis for public finance. A study commissioned by the European Environment Agency looked into the effects such a reform could have when implemented at a larger scale throughout Europe.
The basic idea of environmental tax reform is to increase taxes on environmental resources or energy while lowering the tax burden in other areas, such as labour. According to the principle of "Read more