Could a New Green VAT System Encourage Sustainable Consumption and Production?

On 02/04/2014, in Environmental Economics, Environmental Finance, Sustainable Production, by Dr. Paola Fiore

Green VAT System and Sustainable Consumption and Production

 

A recent study has proposed a new economic tool designed to encourage a more sustainable production and consumption.

To ensure that the environmental impact of products is reflected in their cost, the authors of the research recommend a System of Green Value Added Tax (VAT) based on the Life Cycle Assessment (LCA).

The importance of decoupling environmental degradation from economic growth is highlighted by the EU’s Roadmap to a Resource Efficient Europe and Sustainable Consumption and Production and Sustainable Industrial Policy Action Plan.

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Restoring Ecosystems? It Is Environmentally Necessary and Also Economically Profitable

On 24/01/2014, in Biodiversity, Ecosystems, Environmental Economics, Nature Conservation, by Dr. Paola Fiore

Accudiamo la natura

 

The economic benefits of restoring natural ecosystems outweigh the costs, according to new research. The study examined the financial costs and benefits of restoring a range of ecosystems, including those found in marine, inland and coastal habitats, and concludes that in most cases the large value of ecosystem services provides a net economic benefit.

Natural ecosystems provide a vast array of services that support human well-being and have real economic value. For example, a study of Payment for Ecosystem Services (PES) in Costa Rica showed that companies were willing to invest € 143.000 per year for watershed protection.

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