Towards an Effective Carbon Border Adjustment Mechanism
As the world seeks to address climate change, there are various approaches which can be used.
19 Jul 2021
17 min
Articles tagged with environmental-tax
Comments on the European Commission’s public consultations on the Energy Tax Directive and Carbon Border Adjustment Mechanism and KPMG’s ESG approach
Authors: Loek Helderman, Global Tax Lead KPMG Impact, Mike Hayes, KPMG Impact Lead on Climate Change and Decarbonization and Chris Morgan, Head of Global Tax Policy, KPMG International
12 Nov 2020
1 min
Going green: Driving investments with multi-lateral organizations
While the “carrot” of tax incentives may be useful to drive, or even kick start investment into new technology or regions, the recent roundtable discussion confirmed they are not the key issue in unlocking green investment. Similarly, while environmental taxes and reducing fossil fuel subsidies can help redirect investment into green projects, there are already many investors willing to fund...
26 Oct 2020
9 min
Going green: Economic recovery through the lens of an asset manager
Tax incentives can play a potentially important role in encouraging green investment, but must be transparent and clearly linked to environmental benefits. There is a need to broaden the base of investors which is likely to require mechanisms to reduce risk – for example through blended finance projects. Obtaining tax certainty, especially over the treatment of structures which require intermediate...
10 Sep 2020
7 min
Going green: An institutional investors take on a green recovery
Institutional investors agreed that generally, certainty over the tax cost or duration of any incentives was more important in the investment decision than the actual tax cost. Nevertheless, reducing the tax cost on inward investment and providing transferable research and development credits would encourage investment into green projects – as would reducing current subsidies for fossil fuels. Overall tax risk...
13 Aug 2020
10 min