The EU wants to achieve climate neutrality by 2050. At the 2021 Green Taxation Event with Paolo Gentiloni, EU Commissioner for Economic and Financial Affairs, the EU indicated that it wants tax changes to support climate protection. What are green taxes? These form a whole system of public statutory obligations that burden activities which have a negative impact on the environment, and provide incentives to promote sustainable solutions. Together they form a group of tools from different areas of tax law and other public obligations aimed at reaching climate and environmental goals. What areas and spheres of economic and civic life are they intended to address?
Source MDDP
