Could Green VAT Encourage Sustainable Consumption and Production?

Taxes and a new system of value added tax (VAT) could be used to stimulate sustainable agriculture, food production and consumption, writes Chris Harris.

The concept would see consumers directed towards more sustainable and environmentally friendly products through taxation.

To ensure that the environmental impact of products is reflected in their costs, a new study published by the European Commission puts forward recommendations for a system of green VAT based on life cycle assessment.

This new economic tool would encourage sustainable production and consumption the researchers claim.

Continue reading by clicking on the link below.

Via Could Green VAT Encourage Sustainable Consumption and Production? – The Cattle Site.

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