To further expand the efforts of the government to raise revenues to finance its environmental projects and efforts, it's about time that a Green Tax
be introduced in the Philippine taxation system.
SDPI Joint Executive Director Dr Vaqar Ahmed said that green taxes
have the potential to resolve dirty fuel, natural resources and water use.
He said the parliament, federal and provincial tax authorities and private sector will have to collectively decide whether green taxes
should be levied at the federal, provincial or local level.
The RES fund, funded by a green tax
of 0.5 cents per kilowatt hour on every electricity bill in Cyprus, is used to compensate investors in energy-production from wind, solar and biomass, per the terms of contracts signed with the government, and has shown substantial deficits in recent years due to stifled electricity consumption and the dramatic fall in oil prices.
This green tax
is to be handed over to the National Green Tribunal that is responsible for finding ways of reducing the pollution in Delhi.
However, there is ample room to apply more green taxes
and reduce charges on labour as a way to spur economic growth, according to the Review.
--Being positive of GDP coefficient in the models results such as the effect of green tax
on the reduction of air pollutants, S[O.sub.2], N[O.sub.2], C[O.sub.2] is indicate the increasing of the released pollution level for increasing of each unit in GDP per capita in the OECD countries.
Capital Review Group is a leader in providing up-to-date, specialized services related to green tax
incentives, energy tax deductions, sustainability, utility and GHG consulting as well as energy strategies including renewables.
"As per the decision of the house and as per notification by the government, we would be charging this green tax
very soon, I suppose by first week of March, provided we have infrastructure ready by then and we would like to see that how we are going to work.
The attainment of a double dividend--the term traces back to David Pearce (1991)--was explicitly pronounced as part of the German green tax
reform in 1999.
Developers, who destroy marine life and the environment through reclamation, will have to pay a 'green tax
MANAMA: Developers, who destroy marine life and the environment through reclamation, will have to pay a "green tax