Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/14157
Title: The Use of Taxation Incentives to Create New Eco-Service Markets
Contributor(s): Werren, Kip  (author)orcid ; Martin, Paul  (author)
Publication Date: 2008
Handle Link: https://hdl.handle.net/1959.11/14157
Abstract: Eco-taxation incentives are often treated in isolation to the business model that is used to fund conservation and sustainable business practices. The study reported in this paper integrates taxation arrangements with a business model to secure multiple funding streams, to deliver multiple environmental outcomes, with a minimum of transaction costs, The authors (and their various industry collaborators) believe that this model will be more effective than the existing natural resource management funding arrangements in delivery of a triple bottom line outcome. Most governments, given all their other funding responsibilities, will be unable to increase funding into an environmental sustainable agenda. It is for this main reason that a business model should be adopted that harnesses private capital, private sector management and private incentives to encourage economically, socially and environmentally sustainable practices. The paper suggests a business model to ensure the sustainability of landscapes would combine private funding, government supervision, fiscal instruments and payments to eco-service providers for services such as carbon sequestration, biodiversity conservation, salinity control, mitigation banking and research into sustainable practices.
Publication Type: Conference Publication
Conference Name: 9th GCET: The Ninth Annual Global Conference on Environmental Taxation, Singapore, 6th - 7th November, 2008
Conference Details: 9th GCET: The Ninth Annual Global Conference on Environmental Taxation, Singapore, 6th - 7th November, 2008
Source of Publication: The Ninth Annual Global Conference on Environmental Taxation Abstracts and Authors, p. 39-39
Publisher: National University of Singapore
Place of Publication: Singapore
Field of Research (FOR): 180109 Corporations and Associations Law
180125 Taxation Law
HERDC Category Description: E3 Extract of Scholarly Conference Publication
Other Links: http://law.nus.edu.sg/apcel/conference/gcet/presentations.html
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