GREEN TAXATION AS A DRIVER FOR SUSTAINABLE DEVELOPMENT
Creators: name: Dokholyan, Sergey
name: Satsita Khasanova 
name: Aminat Musaeva
Publisher: name: Reliability: Theory & Applications
Year: 2024
Subjects: green taxation
sustainable development
carbon taxes
eco-taxes
environmental economics
renewable energy
energy efficiency
pollution control
sustainable consumption

description: Green taxation has emerged as a key mechanism for advancing sustainable development by addressing the dual challenges of environmental degradation and economic sustainability. Through the implementation of fiscal policies such as carbon taxes, pollution taxes, and tax incentives for eco-friendly technologies, governments can create financial disincentives for environmentally harmful activities and promote the transition to cleaner, more sustainable production and consumption patterns. These tax policies are designed to internalize the environmental costs associated with industrial activities, making businesses and consumers more accountable for their environmental footprint. Green taxes, particularly carbon taxes, target the reduction of greenhouse gas emissions by making it more costly to emit carbon dioxide and other pollutants. This encourages industries to adopt more energy-efficient technologies and reduce their reliance on fossil fuels. In addition, eco-taxes are applied to sectors such as waste management, water use, and resource extraction, further incentivizing sustainable practices. Tax incentives, such as credits or deductions, support the growth of renewable energy, energy-efficient technologies, and innovation in sustainable industries, contributing to the achievement of long-term sustainability goals. The study also explores how green taxation supports the broader objectives of the United Nations’ Sustainable Development Goals (SDGs), particularly those related to climate action, responsible consumption and production, and economic growth. Drawing on both international and Russian experiences, this analysis highlights how different countries implement green tax policies and evaluates their effectiveness in promoting sustainable economic growth while protecting natural resources. Case studies from leading economies illustrate the practical benefits of green taxes, such as the reduction of carbon emissions and the growth of renewable energy sectors, while also addressing challenges such as economic competitiveness and social equity. Green taxes also contribute to more efficient use of natural resources by discouraging overconsumption and waste. Taxes on single-use plastics, landfill waste, and other pollutants encourage recycling, reduce waste generation, and promote the circular economy. In the long term, this leads to less environmental degradation and greater conservation of natural resources, which are critical for sustaining future economic growth. In summary, green taxation serves as a powerful tool that not only stimulates economic restructuring towards sustainability but also generates significant environmental benefits. By adopting a well-balanced approach, governments can ensure that the transition to a greener economy is economically viable and socially equitable.