Researchers have created a revenue raising mechanism that operates like a ‘Robin Hood tax’ to help address climate change.
By creating a new way to initially allocate permits, a team of environmental economists led by Dr Ian MacKenzie have managed to make a ‘good tax’ that makes environmentally unfriendly actions more costly, while generating revenue for other sources like healthcare.
“Climate change is one of the biggest threats we face as a global society, and this model, while not a complete solution, makes organisations mindful of their environmental impact and encourages them to decrease it.”
- Dr Ian MacKenzie
Read the full article in Momentum Magazine
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