Options for a Carbon Tax in Bangladesh
Carbon taxes can be win-win for Bangladesh. They can help show the world that Bangladesh is serious about climate mitigation, boosting the country’s influence in international negotiations and helping it to access financing and technology promised...
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| Language: | English |
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Washington, DC: World Bank
2018
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| Online Access: | http://documents.worldbank.org/curated/en/721381535709573696/Policy-Note-on-Options-for-a-Carbon-Tax-in-Bangladesh http://hdl.handle.net/10986/30408 |
| Summary: | Carbon taxes can be win-win for
Bangladesh. They can help show the world that Bangladesh is
serious about climate mitigation, boosting the country’s
influence in international negotiations and helping it to
access financing and technology promised during the COP-21.
They can play a role in nudging Bangladesh’s growth to a
lower carbon and cleaner path, helping to make it more
sustainable and improving environmental (and health)
conditions for its citizens. They can help to raise
additional resources – up to 1 percent of GDP – for social
and economic development, including infrastructure
investment. Some of the additional resources can be used to
reduce taxes on labor or firms. Carbon taxes are much
simpler to implement than most other taxes and most fuel
costs would increase by only a few Taka per liter. At the
same time, implementation needs to be done well to reduce
opposition and win over firms and citizens. But Bangladesh
can learn how other countries have succeeded. This Policy
Note and accompanying Brief summarizes why carbon taxes make
sense for Bangladesh and how to succeed. |
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