If they are going to be burdened with Tax, give them the option to pay the tax or become more environmentally responsible I.e. get them to prove that they are looking at alternative power generation methods, recycling waste, etc, etc, etc. That way the incentive is to try and be more environmentally sustainable rather than pay the tax. However, it is as complicated as business and industry is diverse and therefore would be complicated to roll out.

No industry should be promoted for environmental friendly development

If they are going to be burdened with Tax, give them the option to pay the tax or become more environmentally responsible I.e. get them to prove that they are looking at alternative power generation methods, recycling waste, etc, etc, etc. That way the incentive is to try and be more environmentally sustainable rather than pay the tax. However, it is as complicated as business and industry is diverse and therefore would be complicated to roll out.

Following

best regards

Hi Kenneth,

1) I agree that it probably wouldn't work as it is currently set up. The UK have a carbon tax. What usually happens with taxes (in the UK) such as Sugar, road tax, tax on cigarettes, etc is that they are put into one pot and distributed how the government see fit. As I currently understand it the money generated from the sugar tax isn't directly utilised for education on excessive sugar intake or to treat diabetes. I'm thinking outside the box here but what if they took the tax and used it to acquire land and plant trees rather than take the carbon tax put it in one pot and use it to fix roads, etc.

2) If they used it to protect green areas and plant trees it would potentially go some way to reducing C02 although I understand it may be negligible on the grand scale, but its better than nothing. It would be either prove you can reduce C02 or pay the tax that directly goes towards planting trees.

I understand that the current methods dont work. In the conclusion on the paper below: "The impact of a carbon tax on manufacturing: Evidence from microdata" it states:

"While curbing industrial emissions must be an integral part of any such policy, there is surprisingly little empirical evidence on the impacts of large-scale regulations of industrial GHG emissions".

Paper: https://ac.els-cdn.com/S0047272714001078/1-s2.0-S0047272714001078-main.pdf?_tid=97ec8cca-1fca-4785-b6b8-b2a972c5358b&acdnat=1543306908_1b59d2ab232ca86a919d52c1c6fb1631

I think in conclusion we should never write off any ideas, but we should never go into anything without carrying out comprehensive research into the economical / environmental impact and feasibility. It is very complex and as I mentioned its as complex and diverse as the businessEs and the industries it affects.

Just to clarify I'm an engineer in the automotive industry, I'm not claiming to be any type of expert on this subject. I would just like to see people thinking more outside of the box and generating discussion. I think we can all do something. Personally I have been growing trees over the past three years, its my very small way of teaching my son how to do something positive as well as teaching him about nature.

Dear Sania Binte Mahtab - Thank you very much.

I wish you all good and best regards

Dear Friends and Colleagues of RG

In subsequent years, developed countries will be under pressure to increase spending on environment-friendly targets, including financing the development of power plants based on renewable energy sources, reclamation of devastated natural environment and reduction of emissions of environmentally harmful industrial waste.

On the other hand, the increase in fiscal burdens can be transformed in a short time into a decline in business investment and a decline in the country's economic growth. However, if enterprises switched their business concepts to the production of better-quality goods and characterized by a longer period of usefulness and functioning in the product and service life cycles, then it would be possible to reduce the use of resources and reduce the negative external effects of industrial development. In addition, the state from the collected additional pro-environmental taxes would provide public goods that would improve the level and living conditions of citizens, therefore there would be opportunities to better use and perhaps reduce spending on some other departments providing public goods such as public safety, administrative, health, etc. In the longer term, economic development would take place in a slightly different macroeconomic balance and with a slowdown in economic growth. However, this mentioned issue of exempting economic growth would no longer be negative.

Do you agree with me on the above matter?

Please reply

I invite you to the discussion

Best wishes

Unfortunately, more and more results of climatologists' research confirm the thesis that human civilization activity is the largest source of greenhouse gas emissions and a progressive global warming process. Because the human development of civilization is the main source of the progressing and probably accelerating global warming process, the man should reform processes of development of the energy sector and other industries so as to significantly reduce emissions of greenhouse gases and various aspects of environmental pollution in the coming years.

Because it is not easy to introduce such taxes due to the strong lobbying of large corporations, it may be a better solution to introduce regulations that require enterprises to switch to renewable energy sources and use biodegradable raw materials instead of, for example, very slowly degradable plastics. The development of this type of solutions could be activated also through the system of specific tax concessions or subsidies for investment expenditures from the state budget fudnsh. In this way, pro-environmental state interventionism would be developed.

This type of process has already begun in the European Union. For example, at the end of 2018, regulations were introduced banning the use of plastic in the packaging of various products within the European Union and as cutlery in restaurants from 2022. However, this is just the beginning of the process, which should be developed on a much larger scale within the framework of pro-environmental state intervention.

Best wishes

In Morocco too, there is a ban of the use of plastic bag and packaging since 2014.

In my opinion, the additional taxation of enterprises to obtain funds in this way for the development of renewable energy, the development of eco-innovations and the reduction of environmental pollution is not the best solution. A better solution is to generate high economic growth based on the successively introduced model of sustainable green economic development implemented according to the green economy concept.

It is necessary to conduct reliable, honest, ethical business and social responsibility of business socio-economic policy while educating the public on the need to implement the necessary pro-ecological reforms in the energy sector as soon as possible by developing renewable energy sources, developing electromobility, efficient waste sorting technologies, improvement recycling, zero-energy construction, elimination of plastic from packaging and conversion to biodegradable plastics, etc.

Then, using such a reliable social and economic policy, it would be possible to extend the periods of host growth in business cycles to generate budgetary surpluses. In the situation of budgetary surpluses in the state budget, a significant part of them should be allocated for state financing of investments in large infrastructural pro-ecological projects, such as nuclear power plants, wind farms, solar panels based on photovoltaic panels and other based on renewable energy sources.

After many years of running this type of pro-ecological socio-economic policy, certain technologies that allowed for the development of ecological innovations and their implementation on an industrial scale will gradually become, and after their dissemination, production costs of certain devices such as household mini-power plants producing renewable energy on the basis of renewable energy. energy sources will be available for most families living, for example, single-family houses or multi-family housing estates. On the other hand, by popularizing these pro-ecological technologies, companies that produce specific ecological products will generate revenues and profits.

In view of the above, in this way the new green economy will become profitable and will be a kind of a new epoch of the neoclassical economics model enriched with pro-ecological goals and functions. In this way, initially through a centrally planned system, through state intervention in a mainly market economy, through a national pro-ecological socio-economic policy, a new model of the economic system will be built after years, which will function objectively within the framework of sustainable green economic development.

Best wishes