It is generally accepted that green taxation is crucial to address the effects of climate change and global warming, as well as to promote resource allocation efficiency. This is despite the fact that, at the Paris Agreement level, there is no express mention of green taxation.
According to the European Commission, the recovery from the COVID-19 pandemic must be green, and in that context, the EU’s flagship Recovery and Resilience Facility (RRF) – established through Regulation (EU) 2021/241 of the European Parliament and of the Council of February 12 2021 – provides an opportunity to extend the scope and use of green taxes in each member state.
Source International Tax Review
