Green Taxation
The Role of Tax and Subsidy in Tackling the Climate Emergency The role of taxation, in particular, as a tool in dealing with the climate emergency has been deliberately overlooked by governments afraid of being punished at the ballot box for any extra taxes. I believe that the electorate is now sufficiently aware of the likely effects of climate change that there will be an acceptance of extra taxation as long as there is transparency in the destination of the extra taxation. The extra taxation must be destined for subsidies for home insulation and electric cars and other greenhouse gas saving measures, as well as for mitigation measures such as flood defences and research and development of renewable energies, energy storage and carbon capture and storage and hydrogen manufacture from non-carbon sources.
