Financing Protection of the Global Commons : The Case for a Green Planet Contribution
This paper argues that new, more automatic fundraising approaches promise to be more effective than the traditional approach in raising adequate and predictable resources to help developing countries respond to global environmental challenges. An a...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Global Environment Facility
2017
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| Online Access: | http://documents.worldbank.org/curated/en/886021487676125648/Financing-protection-of-the-global-commons-the-case-for-a-green-planet-contribution http://hdl.handle.net/10986/26188 |
| Summary: | This paper argues that new, more
automatic fundraising approaches promise to be more
effective than the traditional approach in raising adequate
and predictable resources to help developing countries
respond to global environmental challenges. An annual green
planet contribution of United States (U.S.) 2 dollars levied
on some polluting activity and paid by applicable individual
citizens of developed countries will raise about twice the
amount of resources currently available from both
multilateral and bilateral sources for global environmental
measures in developing countries. The following analysis
discusses why such a fund-raising approach for protecting
global commons in developing countries will be superior to
the existing mechanism and why it holds the promise of
securing adequate and predictable resource flows in the
coming decades. The present analysis builds on recent
experience with new market-based approaches to domestic
environmental policy-making in Organization for Economic
Co-operation and Development (OECD) countries. The paper
discusses various options for levying a global environmental
charge or user fee with respect to such factors as ease of
implementation, political acceptability, and fund-raising
potential. It concludes that a personal green planet
contribution levied annually with car registration renewal
may be the most promising, albeit not the only, option worth considering. |
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