THE IMPACT OF ENVIRONMENTAL TAXATION ON THE ACTIVATION OF THE FINANCING OF ENVIRONMENTAL PROTECTION COSTS AND THE IMPLEMENTATION OF ECO-INNOVATION PROJECTS
DOI:
https://doi.org/10.31891/mdes/2024-11-2Keywords:
eco-innovations, eco-innovation projects, environmental protection costs, environmental tax, static and dynamic efficiency of environmental taxation, sustainable developmentAbstract
The article explores the role of environmental taxation in reducing excessive environmental load in Ukraine. The static and dynamic efficiency of environmental tax is investigated, highlighting the need for additional measures to enhance its effectiveness. It is found that environmental taxation in Ukraine currently does not incentivize businesses to adopt environmental innovations. A combination of environmental taxation with other tax and administrative instruments is proposed to enhance its efficiency. The article examines the role of eco-innovations in reducing environmental load and promoting sustainable economic development. The importance of developing economic growth strategies that consider environmental aspects, such as more efficient resource utilization and reduced environmental costs, is discussed. The key role of eco-innovations in this process, their contribution to technological transformations, and facilitating the transition to a post-industrial stage of development are highlighted. The impact of environmental taxation on the development of resilient economic systems and accelerating the gap between resource consumption and economic growth is also discussed. The article outlines two main aspects of this process: the disconnection of resource links and the disconnection of load links, presenting two types of indicators for this disconnection - relative and absolute. It is noted that the process of disconnection of links has already begun and needs acceleration for tangible results. Special attention is given to the role of environmental taxation in this context, as well as its static and dynamic efficiency. It is suggested that environmental taxation can expedite the process of disconnection of links by focusing on reducing the base and ensuring the reduction of excessive environmental load in the least costly manner.
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