Harness the Market for the Environment

Worldwatch Institute has released a study, The Natural Wealth of Nations: Harnessing the Market for Environment. While ending unnecessary subsidies
to the energy, forestry, and fisheries industries would save US$650
billion in taxes, adding a modest levy for pollutant releases and resource depletion would add $1.5 trillion to the tax income. As a result, a U.S. family of four could have tax cuts of $2,000 per year.

In the 1990s, China cut subsidies for fossil fuel consumption from $26 billion to $11 billion a year. The U.K. cut subsidies for coal production by 91 percent. Germany used taxes to cut production of toxic wastes by 15 percent in three
years. Australia, Denmark and the U.S. used taxes on CFCs to help phase out these chemicals.

For a copy contact mcaron@worldwatch.org

(Visited 71 times, 2 visits today)

Post Your Comment

Your email address will not be published. Required fields are marked *