ENT recently participated in a study consortium led by Eunomia Research & Consulting (Eunomia) in conjunction with the Institute for European Environmental Policy (IEEP), Aarhus University, and Denkstatt, for European Commission’s DG Environment. ENT was responsible for the part of the report related to Portugal.
This study aimed at assessing the potential socio-economic and environmental benefits associated with the increase of existing, and creation of new, environmental taxes in the context of an environmental fiscal reform in EU28 countries.
Some of the main findings of the report are summarised as follows:
- Environmental taxes are considered as important economic incentives to householders and businesses to reduce their environmental impact;
- Environmental taxes are considered less detrimental to growth than taxes focusing on labour or corporate income;
- Economic estimates of environmental benefits associated with changes in environmental fiscal policy are of €13.7 billion per year in 2030.
- The implementation of environmental tax reforms in EU28 countries could represent an increase of €208 billion per year in revenues in 2030, meaning a 1.05% increase in GDP.
This report will support the Commissions’ proposed Country Specific Recommendations for Member States in 2016.