Researching effects of fiscal policy on innovation of environmental technologies

Investigating effects of environmental regulatory policy on diffusion of cleanup technology
Governments should use market mechanisms to encourage actions that work towards the goal of sustainable development. Favourable treatment of investments in clean technologies, within a revenue-neutral tax shift, could speed their introduction. Such instruments will encourage, rather than force, industry to improve and reward companies which pursue good environmental management in keeping with sustainable development, often inducing improvements that go beyond minimum standards.
Many advances which meet social needs or help preserve the environment fail to meet the narrow criteria of return on financial investment. They require appropriate policies and government backing to bring about their benefits.
Type Classification:
G: Very Specific strategies
Related UN Sustainable Development Goals:
GOAL 4: Quality EducationGOAL 6: Clean Water and SanitationGOAL 9: Industry, Innovation and InfrastructureGOAL 12: Responsible Consumption and ProductionGOAL 15: Life on LandGOAL 16: Peace and Justice Strong Institutions