Perverse Subsidies: How Tax Dollars Can Undercut the Environment and the Economy

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9781559638357: Perverse Subsidies: How Tax Dollars Can Undercut the Environment and the Economy
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Much of the global economy depends upon large-scale government intervention in the form of subsidies, both direct and indirect, to support specific industries or economic sectors. Distressingly, many of these subsidies can be characterized as “perverse” -- rather than helping society achieve a desired goal, they work in the opposite direction, causing damage to both our economies and our environments. Worldwide subsidies have long been thought to total $2 trillion per year, but until now, no attempt has been made to determine what proportion of that actually subverts the public interest.In Perverse Subsidies, leading environmental analyst Norman Myers takes a detailed look at the subject, offering a comprehensive view of subsidies worldwide with a particular focus on the extent, causes, and consequences of perverse subsidies. He defines many different kinds of subsidies, from tax incentives to government handouts, and considers their wide-ranging impacts, as he: examines the role of subsidies in policymaking quantifies the direct costs of perverse subsidies examines the major subsidies in agriculture, energy, road transportation, water, fisheries, and forestry considers the environmental effects of those subsidies offers policy advice and specific recommendations for eliminating harmful subsidies .The book provides a valuable framework for evaluation of perverse subsidies, and offers a dramatic illustration of the scale and dimensions of the problem. It will be the standard reference on those subsidies for government reform advocates, policy analysts, and environmentalists, as well as for scholars and students interested in the interactions between policymaking and environmental issues.

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About the Author:

Norman Myers is a world-renowned environmental analyst; he has numerous important books to his credit and over 500 papers, he has won dozens of international awards for his work, including the Volvo Environment Prize (he was the first British scientist to receive it), UNEP Environment Prize (first British scientist to receive it), and the Blue Planet Prize (second British scientist to receive it). He lives in Oxford, England.

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9781559638340: Perverse Subsidies: How Misused Tax Dollars Harm The Environment And The Economy

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ISBN 10:  1559638346 ISBN 13:  9781559638340
Publisher: Island Press, 2001
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