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Legally Binding Targets

Mark Schofield and Harry Manisty of PricewaterhouseCoopers LLP investigate what legally binding carbon targets could mean for the UK's environmental taxes
Positive messages are rare in the current economic climate but one message that is starting to seep through is a growing global consensus fuelled by the presidential change across the Atlantic that we have a unique opportunity to build a sustainable economy. By targeted investment and policymaking it is possible to drive a new era of green business which will help tackle both the economic and climate crises. It is a simple vision but nonetheless one with many attractions but does this philosophy hold water when it comes to fiscal policy? Could well-planned green taxes and incentives reinvigorate the economy while driving taxpayers to more environmentally sound behaviours?...

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