30 Dec '13, 4am

Environmental fiscal reform would improve the environment and reduce the informal economy #greenbuilding

Environmental fiscal reform would improve the environment and reduce the informal economy #greenbuilding

The effect that the introduction of environmental fiscal reform would have on an economic system has been the focus of study since the 1990s. However, studies of this type have until now failed to take the informal economy into consideration; this is an activity which in the case of Spain, for example, could account for as much as 20-25% of GDP. The group of researchers of the UPV/EHU and the BC3 have addressed this subject and have concluded that environmental fiscal reform could help to cut the damage caused by the informal economy on the public system apart from the environmental benefit it would bring in its wake. The journal Energy Economics has published the online version of the work and will shortly be issuing a print version.

Full article: http://greenbuildingelements.com/2013/12/29/environmental...

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