• The Economic Advantages of Environmental Tax in Developing Nations

    Renewable energy is one of the fastest growing business opportunities in the modern era. Solar energy is growing at a pace 17 fold that of which was predicted 5 years ago. Not to mention the rapid increase in the amount of wind and wave turbines worldwide. Developing nations would not only lower their carbon footprint by implementing a carbon tax, but would benefit economically in the long run. A carbon tax would encourage the purchase and investment of green technology. Developing nation's economies would be ahead of the curve even compared to the most sophisticated of economies. A sustainable country wouldn't be dependent on other oil rich nations but would be self sufficient enough to stay away from places of turmoil like the middle east. The first step to a sustainable future is eliminating carbon and developing nations especially can start by implementing a carbon tax.

  • Protecting national assets

    One of government's responsibilities is to protect its resources. These would include its clean air, its clean water and the health of its people. Environmental taxes could help to pay for clean up of already existing problems. They could be used as incentives for behavior which would increase economic assets and as disincentives for behavior which would devalue those economic assets. In a global economy this could protect nations from self-interested transnationals with little regard for the nations they take resources away from. The nations can also be more focused on products that would be welcoming in other countries, tourism among them.

  • Environmental tax for developing nations

    Developing nations should introduce environmental taxes because broadening the tax base in developing countries in order to, not only, increase tax revenue, but also enhance the accountability of governments to their citizens and environmental taxes provide incentives to lessen environmental burden and preserve the environment, environmental taxes provide incentives for businesses and individuals to integrate environmental concerns into economic activities, and minimize negative environmental impacts.

  • Corruption and Need

    The fact of the matter is that in developing nations there is quite often a great deal of corruption, which could become greater with more laws and policies. Not only that, but the cost greatly outweighs the reward in a developing nation even if the corruption is completely ignored. For example, a new business in a developing nation needs one thing: to make a profit. The reduction of a profit by environmental tax on these businesses would mean disaster. Trans-national corporations may leave as well due to a loss in profits, leading to a loss in jobs.

  • Only if they want to become an undeveloping nation.

    Environmentalism is the idea that people should de-industrialize their economy, stop using technology, and stop expanding their utilized land. This theory is the same as saying that people should stop spending money to protect their bank accounts. The similarity is that the bank account -like the environment- is a means of supporting human life (and life in general). To put such things at higher importance than the things they serve would be completely irrational and backwards.

  • Burden too much

    An environmental tax on developing countries will directly create new avenues for widespread corruption prevalent in most developing countries and will hinder its economic growth. What is the use of environmental reforms when our basic amenities are ignored though environment protection is important developing nations need a greater level of maturity to address such a problem as in developed countries.

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AnonyFeline says2013-07-14T05:19:18.190
Interesting question. This is definitely something that need to be examined further.