Environmental fiscal reform

Environmental fiscal reform. Interview with Anil Markandya. Review of Environment, Energy, and Economics (online), 7/03/2013

http://www.feem.it/getpage.aspx?id=5358

Already in 1991, David Pearce indicated that switching taxation from labour to environmental externalities could lead to a double dividend. This concept entails the possibility of improving not only the environment, but also the economy, thanks for instance to the emerging of the shadow economy. This may be particularly relevant, as informal markets account for a significant and growing part of GDP in many developed economies such as Italy and Spain. Anil Markandya, Scientific director of the Basque Center for Climate Change, gives an overview of his recent works on these issues.(© FEEM)


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