A Study on Green Taxation and its Impact on Economic Development: A Mini-Review

21 Pages Posted: 10 Mar 2020

See all articles by Hessa Al-Alawi

Hessa Al-Alawi

Abu Dhabi University

Haitham Nobanee

University of Oxford; Abu Dhabi University; University of Liverpool

Date Written: February 15, 2020

Abstract

This research analyzed green taxation as one of the policies that governments are using in conserving the environment and discouraging the negative impact of businesses. Green taxes are also known as environmental, pollution, eco, and carbon taxes and are used to shift the burden of taxation from growth-oriented factors to help in reducing depletion of natural resources and pollution. The implementation of green taxation has not been fully accepted in all countries but is seen to apply in developed nations mostly. Some developing countries are using soft policies such as subsidies for renewable energy. The green taxation policies have faced many challenges mainly due to their negative impact on the economy such as an increased rate of unemployment. However, there are ways of making the reforms applicable without a negative impact on the environment such as by supporting them with complementary policies. Moreover, there is a need for collaboration among all stakeholders, mainly the government, firms and environmental groups, to come up with innovative methods of production. Transportation, tire and other manufacturing industries are the main contributors to environmental degradation. While these industries cannot be eliminated, there are models that can be used to help them remain profitable and sustainable.

Suggested Citation

Al-Alawi, Hessa and Nobanee, Haitham and Nobanee, Haitham, A Study on Green Taxation and its Impact on Economic Development: A Mini-Review (February 15, 2020). Available at SSRN: https://ssrn.com/abstract=3538691 or http://dx.doi.org/10.2139/ssrn.3538691

Hessa Al-Alawi

Abu Dhabi University ( email )

Abu Dhabi
United Arab Emirates

Haitham Nobanee (Contact Author)

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Abu Dhabi University ( email )

Abu Dhabi
United Arab Emirates

University of Liverpool ( email )

Chatham Street
Brownlow Hill
Liverpool, L69 7ZA
United Kingdom

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