Transformative change includes integrating the value of nature in production systems as well as decision-making. In order to shift the tax burden from labour to pollution, under-priced resources and other externalities, the EU is promoting tax systems and pricing that reflect environmental costs, such as biodiversity loss, via ‘user pays’ and ‘polluter pays’ principles. Biodiversity considerations are being integrated in decision-making via methods such as life-cycle analyses and natural capital accounting to measure the environmental footprint of products and organisations. (EU policies addressing indirect drivers of biodiversity loss.)
Tax Incentivizing
