More

    Bangladesh government mulls introducing green tax to meet its environment goals

    CountriesBangladeshBangladesh government mulls introducing green tax to meet its...
    - Advertisment -

    Bangladesh government mulls introducing green tax to meet its environment goals

    The carrot and stick policy to impose of green taxes on the one hand and incentivise green service providers on the other hand is meant to increase investments in the environment-friendly technology sector.

    The government of Bangladesh is considering investment tax exemption for environment-friendly equipment and resources, and income tax exemption for green service providers with a view to checking environmental pollution. This was stated by the country’s Minister for Environment, Forests and Climate Change, Md Shahab Uddin on Tuesday at an award ceremony for green inclusive business champions.

    “At the same time, the imposition of green tax to discourage pollution is also under consideration,” the minister said.

    The carrot and stick policy to impose of green taxes on the one hand and incentivise green service providers on the other hand is meant to increase investments in the environment-friendly technology sector by encouraging business and industry to mobilise green technology resources. The government hopes this will help discourage polluting activities,” the minister said.

    - Advertisement -

    The minister said that the government’s is adopting specific policies for environmental protection and pollution control to achieve the sustainable development goals by 2030.

    Earlier, the Bangladesh government had set up a fund of Taka 200 crore through the country’s central bank for the use of clean technologies.

    The government’s drive to fine polluting industrial establishments or projects for environmental and environmental damage as so far yielded about Taka 190 crores since 2010.

    Refinancing has helped investments in over 50 green products and a special fund has been set up by the government for the development and dissemination of environment-friendly green technologies and conducting research.

    The minister claimed that the department of environment has brought polluting industrial establishments under compliance through strict enforcement of the environmental laws.

    Environmental stress

    The global environment performance index brought out by the Yale University’s center for environmental law and policy ranks Bangladesh at 162 among 180 countries. The environmental performance index is a data-driven summary of the state of sustainability around the world. It uses 32 performance indicators across 11 issue categories.

    The environment is under stress in one of the most densely populated countries in the world. Writing a lament in the country’s leading newspaper, The Daily Star on the state of Bangladesh’s environment, businessman Abu Afsarul Haider spoke of the country’s urban centres growing in an unsustainable manner, with open spaces and water bodies gradually disappearing.

    “Pollution and encroachment are the major culprits,” he wrote, stressing that Dhaka has consistently been ranked among the world’s most polluted cities.

    Bangladesh Water Development Board (BWDB) says that 175 of the country’s 310 rivers are in a miserable state. 65 are almost dead. 80 per cent of Bangladesh’s rivers lack proper depth.

     

    Image: UNICEF

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    Cabinet Approves Flood Management and Border Areas Programme 

    This is particularly relevant as the increased incidence of extreme events have been witnessed during last few years in...

    Women’s Safety Scheme to Continue till 2025-26

    Out of the total project outlay of Rs.1179.72 crore, a total of Rs.885.49 crore will be provided by MHA...

    First Person: What I learnt from the Gabhales

    Through the provision of livestock and associated training, the family not only regained their economic stability but also underwent...

    New Anti-Rape Crisis Centre Brings Hope for Sexual Abuse Survivors in Pakistan

    The centre will offer free legal assistance to ensure that the forensic examination and tests are done correctly and...
    - Advertisement -

    If Trump Wins, Africa Will Spiral into Climate Hell

    A Donald Trump win in the US presidential elections would spell disaster for climate action in Africa and worldwide....

    Maldives Launches Mental Health Helpline

    The service will provide counselling and support tailored to individual mental health challenges. Red flags, such as callers expressing...

    Must read

    Cabinet Approves Flood Management and Border Areas Programme 

    This is particularly relevant as the increased incidence of...

    Women’s Safety Scheme to Continue till 2025-26

    Out of the total project outlay of Rs.1179.72 crore,...
    - Advertisement -

    More from the sectionRELATED
    Recommended to you