Economic taxes or what trade uses are financial policy tools that countries use to influence an economic activity on it, which leads to knowing their role in directing economic activities in those countries, Ireland, Sweden, help in this in order to finish my PhD project
The process is called "Internalization of negative externalities", which resulted due to market failure. In other words, businesses that fail to control the negative effects of business/ production practices. These ill-effects of business are called Social costs of pollution that need to be compensated/controlled by the creators of pollution/social cost, either way of taxes or by replacing old technologies with cleaner technologies. By doing so the businesses will promote sustainable economic development.
Article Environmental investment and policy with distortionary taxes...
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