This report does three things. It provides an overview of market‑based instruments (MBIs) established by EU environmental legislation. Then it explains the established definitions and rationales for the application of environmental taxes and discusses their current design and application in...

This report does three things. It provides an overview of market‑based instruments (MBIs) established by EU environmental legislation. Then it explains the established definitions and rationales for the application of environmental taxes and discusses their current design and application in...

'Environmental taxation can spur innovation.' This simple, compelling message was a central finding of a recent OECD study of taxation, innovation and the environment (OECD, 2010). It is an insight of profound importance. Environmental policy instruments are frequently characterised as obstacles...