Environment
Conservation Journal

"An International Journal Devoted to Conservation of Environment"

(A PEER REVIEWED JOURNAL)

ISSN: 2278-5124 (Online) :: ISSN: 0972-3099 (Print)

Environment
Conservation Journal

"An International Journal Devoted to Conservation of Environment"

(A PEER REVIEWED JOURNAL)

ISSN: 2278-5124 (Online) :: ISSN: 0972-3099 (Print)

Environment
Conservation Journal

"An International Journal Devoted to Conservation of Environment"

(A PEER REVIEWED JOURNAL)

ISSN: 2278-5124 (Online) :: ISSN: 0972-3099 (Print)

Environment
Conservation Journal

"An International Journal Devoted to Conservation of Environment"

(A PEER REVIEWED JOURNAL)

ISSN: 2278-5124 (Online) :: ISSN: 0972-3099 (Print)

Environment
Conservation Journal

"An International Journal Devoted to Conservation of Environment"

(A PEER REVIEWED JOURNAL)

ISSN: 2278-5124 (Online) :: ISSN: 0972-3099 (Print)

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Hybrid model of environmental taxation: Transition from European to Indian carbon tax to energy trade scheme

Tejas Mariswamy , Abdul Qayum      

Indian Forest Service Probationer at Indira Gandhi National      Forest Academy Dehradun, India

Akanksha Gupta

School of International Studies Jawaharlal Nehru University, New Delhi

Prajna G.S

Bachelor of Engineering from BTL Institute of Technology & Management Bangalore

Abstract

Rapacious exploitation of nature and natural resources by industrial economies in the 20th century has brought the world to the brink of environmental catastrophe. Realizing the gravity of crisis off late, growing environmental consciousness has pushed societies and governments worldwide to sustainably utilize resources and vigorously pursue nature conservation to mitigate the brimming disaster. One such attempt in the offing is the concept of Environmental Taxation, a tax intended to raise revenues to promote ecologically sustainable activities. This is a kind reinforcement of long-held ethical principle of polluter pays and it proves to be a major deterrent towards environmental degradation and brings sustainable growth. In the current work, a comparative analysis of the two economic approaches of tax and energy trade scheme (ETS) is studied, elaborated and discussed to achieve a low carbon intensive economy. European experience in carbon taxation is taken as a prime reference point. The sector-wise impact of the carbon tax in the European countries as well as the timeline, during which the taxes were imposed, provides an insight as to how such a tax can be internalized in the Indian context and its effectiveness was judged.

Carbon tax, Development vs. conservation, Environmental taxation, European experience, Energy trade scheme, Hybrid model

Andersen, M.S., 2010. Europe’s experience with carbon-energy taxation. SAPIENS, 3.2. Available at: http://sapiens.revues.org/1072    

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Vivid Economics, 2012. Carbon taxation and fiscal consolidation: the potential of carbon pricing to reduce Europe’s fiscal deficits. Report prepared for the European Climate Foundation and Green Budget Europe, Pg-21,29,51.

Gupta, A., Mariswamy, T., Qayum, A., & Prajna, G. S. (2015). Hybrid model of environmental taxation: transition from European to Indian carbon tax to energy trade scheme. Environ Conserv J16(1&2), 19-24.

https://doi.org/10.36953/ECJ.2015.161204

Received: 28.07.2014

Revised:11.10.2014

Accepted: 12.12.2014

First Online: 12.06. 2015

https://doi.org/10.36953/ECJ.2015.161204

MANUSCRIPT STATISTICS

Publisher Name:  Action for Sustainable Efficacious Development and Awareness (ASEA)

Print : 0972-3099           

Online :2278-5124