Taxation Regimes to Reflect Impacts on the Environment
European Commission, together with the UN Environmental Programme launched a major new report highlighting the need for a radical change in the way major economies are using scarce resources. The report provides science-based priorities for world environmental efforts, ranking products, materials and economic and lifestyle activities according to their environmental and resource impacts.
Major findings include the news that over half of all world food crops are now fed to animals, and that a doubling of wealth leads typically to an increase of environmental pressure by 60 to 80 per cent. The 149-page report, put together by the International Panel for Sustainable Resource Management, indicates that legislators and policymakers looking to make the most impact on the Earth's well-being should use taxes and other incentives to encourage more eco-friendly agricultural practices and reduce the use of fossil fuels.
Full details of the report are available at http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/657&format=HTML&aged=0&language=EN&guiLanguage=en