Environmental Fiscal Reform

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Definition

"Fiscal policy refers to the ways that governments collect (e.g., through taxes, royalties and user fees) and spend (e.g., through grants, tax credits, exemptions, refunds and rebates, and accelerated capital cost allowances) money. When these fiscal components are adjusted to better integrate environmental costs and benefits, ecological fiscal reform (EFR) is achieved. Financial incentives for environmentally beneficial behaviour are provided and economic, environmental and health benefits can result." (http://www.worldchanging.com/archives/004704.html)


More Information

This is a complement to Monetary Reform

What's happening in Canada?

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