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Post by account_disabled on Mar 2, 2024 23:00:14 GMT -5
Drive down the cost of capital, and with it, the cost of clean solutions. First suggested by the Grace Richardson Fund in , CTCs explore the simple notion that “If you want more of something, tax it less,” a paradigm shift that could drive global prosperity and a cleaner, freer world. Since then, the Clean Tax Cuts Working Group, an informal collaboration of some scholars, experts and institutes, has pioneered a range of CTC mechanisms tailored to various sector and market needs. Two of the most promising include Clean Product Tax Cuts (a modest tax rate reduction on “clean” business and equity income from “clean” products, services or operations) BTC Number Data and Clean Asset Bonds and Loans (tax-exempt green debt financing clean assets). Key meetings have been co-hosted by groups like Rocky Mountain Institute, The Nature Conservancy, the Sabin Center for Climate Change Law at Columbia University and the R Street Institute. Ocean Recovery Alliance has co-hosted two meetings to explore how CTCs might apply to the problem of plastic waste. These gatherings concluded that CTCs should be able to drive down costs and increase profits, not only for waste management and recycling operations, but also for products that reduce waste, accelerating an array of circular economy and source-reduction solutions. Driving down costs Clean Asset Bonds and Loans appear particularly well designed to drive down costs and increase investment for a long list of assets that reduce and recycle waste: integrated cart/truck systems.
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