Is there a role for tax incentives for the protection of freshwater resilience?
Source: Australian Tax Forum Journal Article
Published Date: 1 Feb 2017
The planet is facing unprecedented growth in population, energy demands and water usage, all of which significantly impact one another. This article highlights a research study undertaken to explore the role of tax incentives for innovation for freshwater protection in this water-energy nexus. The study looked at the impact of the unconventional natural gas industry (in Alberta, Canada) on freshwater sources " particularly aquifers.
The current regulatory structure of command and control (CAC) directives was examined and compared to a policy framework inclusive of CAC, market incentives and stakeholder engagement. The study concluded with the recommendation that a framework for the management of groundwater resilience is necessary to recognise the temporal and spatial differences between economic and ecological systems, and to protect the finite supply of freshwater.
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Details
- Published By: Deborah L Jarvie
- Published On:1 Feb 2017
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