Green Taxation and Environmental Sustainability in India

Abstract

In recent years, every country whether developed or developing, is majorly concerned about pollution and environmental deterioration. To be noted the fact that pollution have no boundaries, it has reached every corner of the world. The guidelines given by Arthur Cecil Pigou, an English Economist, should be taxed about carbon tax has been a matter of concern. The rapid economic growth and industrialization in India, which leads to the problem of high-level carbon emission is the biggest problem faced by the Indian cities. This paper tries to analyze different policies taken by developed countries to handle the problem of pollution. The results show that along with international guidelines India also adopted some ‘Green Tax Policies’ such as vehicle tax, coal cess etc. to tackle the problem of pollution. This paper tries to provide a glimpse of different policies that has taken by India as a green taxation policy. This study finds that there are green taxes operating in India but these cannot be considered enough to deal with the problems of environmental pollution and attainment of sustainable development. This paper discusses different policies and challenges faced by India while implementing green tax policies. The study is based on secondary sources of information available on different internet accesses. The results find that green tax has become successful tool in developed nations for carbon emissions. The green taxes can also become the strongest equipment to combat carbon emissions in Indian cities. This paper also tries to point out some recommendations to implement green taxes successfully in India.