What are environmental taxes?

[Good-Person]

There are many businesses that engage in activities that may have a negative effect on the environment. When the government realise that certain businesses are involved in activities that have a bad effect on the environment, they may impose certain taxes on such kind of businesses in order to receive financial compensation for what they do. What are some advantages of such kinds of taxes?

 

[Debashis]

Some advantages of environmental taxes include incentivizing businesses to reduce their negative impact on the environment, promoting the use of cleaner technologies and practices, generating revenue for environmental conservation efforts, and raising awareness about the environmental consequences of certain activities.

 

[Kane]

When the government collects environmental taxes, the funds will be used to compensate for the losses caused to the environment by the business. Environment taxes is very common nin the businesses that directly affect the environment such as mining, production industries, etc.

 

[Ja sa bong]

An environmental tax is regarded as taxes on products or activities which have negative impact on the society. There are business activities which impact negatively in the environment, taxes levied on the business as a result of the harmful effects of the business is what's regraded as environmental tax. Some of the examples of environmental taxes are Energy taxes and Motor Vehicle taxes.