Navigate the Critical World of Environmental and Green Taxes

Our new Environmental and Green Taxes Monitor offers a comprehensive overview of these taxes and incentives in various countries. Expertly-researched data covers plastic levies, carbon pricing, energy taxes, other levies, and green incentives promoting sustainable investments. 

How the meticulously researched monitor benefits you!

With our Environmental and Green Taxes Monitor, you can gain a clear understanding of the aim of some environmental taxes, their tax structures, rates, reporting requirements, and compliance obligations. This knowledge empowers you to: 

  • Mitigate risks: Identify potential tax exposures and develop effective strategies to manage them.
  • Optimize tax planning: Make informed decisions to minimize your tax burden while supporting environmental goals.
  • Enhance compliance: Stay up-to-date with the latest legislation and avoid penalties.
  • Support strategic planning: Assess the impact of these taxes on your business operations and develop long-term strategies.
  • Acquire a worldwide perspective: Get a detailed but punctual overview of what else is happening in other countries and how they are dealing with these topics, next to the trend in their development.
  • Be informed on Sustainable Developing Goals (SDGs): contribute towards the implementation of an environmental tax reform in benefit of health, sustainable cities and decent economic growth.
Environmental and Green Taxes Monitor

The Importance of Environmental and Green Taxes Compliance
 

It is important to be aware of who the forerunner countries in environmental taxation are, how several other countries have followed their steps and have implemented them and how tax policies continue adapting to alter human behaviour that is harmful against the environment.


For businesses, compliance with environmental and green tax legislation is crucial to avoid financial penalties and reputational damage. For academics, to advance in their knowledge and promote research in the field. For government officials of ministries and departments of finance and taxation, to understand the intertwin with other ministries and departments when developing public policies (e.g. transport, energy, natural resources). For international organizations and tax professionals in general, to understand the current trends and practices and foster international collaboration.

The Impact of Environmental and Green Taxes on Business

The increasing complexity of environmental and green tax legislation can pose significant challenges for all stakeholders, but particularly for businesses. Keeping abreast of the latest developments, understanding the implications for operations, and ensuring compliance can be time-consuming and resource-intensive. Moreover, the potential impact on profitability and competitiveness requires careful consideration. 

However, these taxes, the green incentives in the topic and the environmental tax reforms they imply, also offer opportunities for businesses to innovate and gain a competitive edge. By embracing sustainable practices and investing in clean technologies, companies and governments can reduce their environmental footprint, contribute to sustainable development, and potentially benefit from government incentives and consumer preferences for environmentally friendly products and services. Additionally, the economic incentives provided by these taxes can encourage businesses to adopt strategies that reduce greenhouse gas emissions, thereby mitigating negative environmental impacts. 

environmental tax globe

Understanding the Environmental and Green Tax Landscape


From carbon taxes to plastic levies, the landscape of environmental taxation is evolving rapidly, presenting both challenges and opportunities for businesses and tax authorities for the potential in generating or raising revenues from these taxes. Europe for example has been a leader on the topic, by adopting since 2020 the 'European Green Deal', a general action plan to fight climate change through a set of proposals to revise and update the European legislation in the topic called the 'Fit for 55' legislative package.

Environmental and green taxes are designed to internalize the external costs associated with pollution and resource depletion. By placing a price on harmful activities and natural resources, these taxes incentivize businesses and individuals to adopt more environmentally friendly practices. While the implementation of environmental and green taxes varies widely across countries, the overarching goal is to shift economic activities towards cleaner technologies and processes.   

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