Climate, Franco: even taxation can contribute to climate objectives

Climate Franco even taxation can contribute to climate objectives

(Finance) – For the Minister of Economy, Daniele Francoit is necessary to “redistribute the taxation so that it helps to achieve targets climatic“without increasing the overall level.” We must guide the choices of businesses and individuals on more forms of consumption, forms of transport and forms of production that are more sustainable – declared Franco speaking at the conference “Sustainable finance at the service of the country” – . This can be done with the regulationI remember the constraints on the characteristics of the products or those on the emissions of motor vehicles, or it can be done with taxation “.

The minister’s proposal is to ensure that i prices “incorporate, thanks to taxation, the negative externalities deriving from carbon emissions. This does not mean increasing the overall level of taxation but redistributing taxation so that it helps to achieve climate objectives”.

For Franco, moreover, on the climate “We need shared public policies on a global level and in this the role of the G20 is central”. “The climate issue is a global issue – he explained -. The degrees of warm up they reflect the choices of the whole world. The climate is a global public good and solutions that are only national would not be adequate. “” It is certainly not the market alone that can lead to adequate solutions “, he added.” The fight against climate change is one of the fundamental objectives of the PNRR – continued the minister -, we must continue to commit ourselves to the implementation of all the lines of the plan having in mind that the plan is an important piece but lasts 5 years, foresees investments important but above all public. Much more needs to be done “.

“There pandemic and the war they must not distract us from the climate problem – concluded Franco -. We must not lose sight of the climate issue “.” We have been correcting climate policies for years but we have not arrived at a satisfactory situation – he added – We must act quickly and develop energies renewable. Compared to a few months ago, we have a second reason: we must also do it to achieve a higher level of autonomy “.

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