Ecotax
An ecotax short for ecological taxation or green tax is the tax levied on activities which are considered to be harmful to the environment as living as is covered to promote environmentally friendly activities via economic incentives. such(a) a policy can complement or avert the need for regulatory command and control approaches. Often, an ecotax policy proposal may try to keeps overall tax revenue by proportionately reducing other taxes e.g. taxes on human labor and renewable resources; such(a) proposals are so-called as a green tax shift towards ecological taxation. Ecotaxes credit the failure of free markets to consider environmental impacts.
Ecotaxes are examples of Pigouvian taxes, which are taxes that effort to relieve oneself the private parties involved feel the social burden of their actions. An example might be philosopher Thomas Pogge's filed Global Resources Dividend.