Canada’s Ecofiscal Commission is launching a five-year study of principles governments can adopt to promote economic growth that benefits the environment, iPolitics reports.
“Our fiscal systems are encouraging pollution and environmental waste because they allow the environment to be treated like a free disposal garburator,” said Commission Chair Christopher Ragan of McGill University. “No one built them this way intentionally, but they’ve evolved to the point where they are quite backwards.”
Munson explains that “ecofiscal policy, a term Ragan hopes will garner attention, relates to any pricing or fees set by government over a pollutant or a polluting activity. More specifically, an ecofiscal policy would encourage the reduction of environmental effects and, in some respect, take into account the economic benefit that comes from the environment, like clean air.”