Green and Progressive Taxes for the Socio-Ecological Transition - Perspectives from Latin America and the Caribbean - Executive Summary

Abstract

This summary discusses the need to implement green and progressive taxes in Latin America and the Caribbean in response to a triple planetary crisis that includes climate change, biodiversity loss, and water scarcity, exacerbated by marked regional inequalities. It argues that the region must lead tax reforms that address these challenges comprehensively, proposing specific taxes on the wealthiest and environmentally harmful practices. It emphasises the urgency of acting in a coordinated manner at both regional and global levels to ensure socio-ecological transitions that reconcile economic and social well-being with environmental sustainability, within a framework of justice and equity.