Using Vehicle Road Taxes to Fund Climate Investments

07/17/23

“How can we use vehicle road taxes to fund climate investments?”

Many countries around the world charge an annual tax on vehicles to use them on the road. This vehicle road tax can be an important source of revenue for public infrastructure projects. Since cars are a significant contributor to carbon emissions and climate change will damage existing infrastructure, it would be wise to direct some of the money raised to fund greener, more resilient infrastructure. This is why Using Vehicle Road Taxes to Fund Climate Investments can be a brilliant idea.