TaxCorporate TaxStern calls for climate change tax

Stern calls for climate change tax

Sir Nicholas Stern tells Davos that governments need to tax activities that damage the environment

Sir Nicholas
Stern
, the author of the groundbreaking report on climate change,
has made a plea to governments to introduce higher taxes to fight environmental
damage.

Speaking at a packed briefing in at the
World Economic
Forum
in Davos, Stern said that taxes such as the UK’s levy on
petrol should be combined with other tax schemes to fight climate change.

‘We have very high taxation on petrol… that should be interpreted in part as
a carbon tax,’ Stern was quoted as saying in
the Guardian
.

Stern’s report, released in October 2006, painted a doomsday scenario of
climate change, where the climate would heat up incredibly in less than a
generation if action was not taken.

He emphasised that carbon taxes should be seen as a tax for good.

Further reading:

FDs rate Davos a waste of time

Top accountants speak at World Economic Forum

Anstee on world stage

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