Green Tax

(redirected from Ecotaxes)
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Green Tax

A tax levied on actions that are deemed to be detrimental to the environment. For example, a government may put a green tax on non-recyclable plastic grocery bags. The idea behind a green tax is to reduce the incentive to harm the environment by using other, less expensive products. It is a type of Pigouvian tax.
References in periodicals archive ?
If, however, the reduction in labour costs is compensated by an equivalent rise in ecotaxes, then the combined scale effect may in fact be negative: an ultimately adverse effect on the level of production and demand for labour.
Turning to the environmental aspects, there is another problem in relation to the "double dividend": ecotaxes will typically be raised on the basis of products and activities that have a relatively low price elasticity -- otherwise they run dry as a source of public revenue.
Now we shall review several studies which have explored in more quantitative terms what could be expected of ecotaxes.
Raise pounds 2 billion in ecotaxes to fund the small-scale renewables expansion.