Earmarking of taxes on financial transactions
Tax placed on a specific financial transaction, such as the purchase or sale of equity instruments, options and forward contracts, or foreign currency transactions. The revenues obtained maybe earmarked or guaranteed for biodiversity or related spending. For example, a share of the French financial transaction tax will be allocated to the capitalization of the Green Capital Fund.
Generate
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Generate
Fiscal
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Fiscal
Regulatory
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Regulatory
Public
Finance
Finance
Protected Areas
Protected Areas
Earmarking of taxes on currency transactions
Tax placed on a specific type of currency transaction. The most frequently discussed version is the Tobin tax which is intended to put a penalty on short-term financial speculation in the forex (foreign exchange) market. The revenues obtained may be earmarked or ring-fenced for biodiversity or related spending.
Generate
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Generate
Fiscal
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Fiscal
Regulatory
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.