Every year, the world's governments spend over US $700 billion subsidizing activities that harm the environment. The Natural Wealth of Nations shows how cutting these wasteful subsidies can actually boost the economy, save tax and help the environment. By raising taxes on harmful activities like air pollution whilst cutting taxes on payrolls and profits, pollution is discouraged and both work and investment boosted. In a comprehensive global survey, The Natural Wealth of Nations provides examples from Sweden to Spain to Malalysia of the growing number of countries that are successfully using these market-based approaches to clean up their environments. This is an accessible, practical book offering concrete proposals for cleaning up the world?s environment and overcoming ecological ignorance.
Harnessing the Market I: The Price of Paying the Polluter - Subsidy Anatomy - Resource Subsidies - Cash Subsidies - Infrastructure Subsidies II: New Directions - Reforming Subsidies for the Polluter - Capturing Resource Windfalls - Paying the Non-Polluter - Taxing the Polluter III: From Theory to Practice - Environmental Taxes: Practical Limits and Potential - Making Reform Fair - Tax Cuts - An Eco-Industrial Revolution - The Political Marketplace