The World Resources Forum
‘… Adjusting the fiscal framework is … the most fundamental and urgent pre-requisite for approaching a sustainable future. Subsidies that increase the consumption of natural resources must be eliminated, and economic instruments should be deployed such as a shift away from overheads on labor and toward taxing raw materials – with the side effect of creating new jobs and redistributing income to developing countries where many of the resources come from – and market creation policies including tradable permits.
Instead of applying value added taxation to final goods it may be more effective to tax natural resources at the point at which they are removed from nature or where they enter the industrial metabolism.’
From: the Declaration of the World Resources Forum (September, 2009) Resource Governance – Managing Growing Demands for Material on a Finite Planet.