Green Fiscal Reforms, Environment and Sustainable Development

Abstract

This paper aims to analyze the impact of the green fiscal reform policies on environment to achieve the sustainable development. To achieve this target, we discussed the possible fiscal reforms and analyzed its potential impacts on the environment and sustainable development. The paper presented several green fiscal policies which have been used in the developed countries such as carbon taxes, solid wastes and congestion taxes. We argued that green fiscal policies have positive impacts on the environment and sustainable development in the European countries. The policy makers in the developing countries should use the green fiscal policies to achieve the sustainable development. We recommend to use carbon tax policy and congestion tax as both of these policies are so effective in the developed countries.