Council Post: How Tax Policy Can Spur Progress On Climate Change

Contributing sentiments towards policy:

60% : In the early days of wind and solar power, tax credits helped keep the industries afloat until the technologies matured and could better compete.
55% :Taxation is a quantifiable, enforceable tool that can be applied around the world and across the spectrum from individuals to multinationals to spur progress on climate change and measure the results.
54% : Companies that think of tax simply as a compliance function will miss out on a chance to tap important and strategic resources.
52% : At the same time, both C-suites and governments have looked to taxation as a powerful instrument for changing behaviors, building accountability and generating results.
51% : As proof, the EY Green Tax Tracker shows that dozens of countries have introduced thousands of taxes and credits aimed at boosting sustainability.
47% : Carrots And SticksGovernments have long used taxes to influence behavior and drive particular outcomes, and this tried-and-tested approach is increasingly being employed in the climate change arena.

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