This paper discusses the challenges and opportunities of environmental taxation in the current economic climate. It suggests that environmental taxation can be an effective tool for reducing greenhouse gas emissions and promoting sustainable development, but it also notes that there are potential drawbacks and limitations. The paper recommends that policy-makers consider the fatal flaw in environmental taxation, which is the lack of a clear link between the tax and the environmental benefits it is intended to achieve. It also suggests that future environmental taxation should be designed to be more effective and efficient, and that other solutions, such as carbon pricing and voluntary agreements, should be considered as well. The Association of Chartered Certified Accountants (ACCA) is a global organization that offers professional accountancy qualifications to people around the world. It aims to promote the value of accountants in all stages of economic development and to ensure that its qualifications meet the diverse needs of trainee professionals and their employers.
