ASSESSMENT OF THE EFFECT OF ENVIRONMENTAL TAXES ON ENVIRONMENTAL PROTECTION
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The article analyses the effect of environmental taxes on environmental protection. The research covers all European Union member states, the United States of America, Japan and People’s Republic of China, Norway and Turkey. Method for assessment of the regression tendencies of endogenous indicators has been chosen for the research. Research period: 1994 – 2015. Research results: environmental tax effect is stronger in countries having slower economic and tax growth, but more rapid development of renewable energy production technologies; the role of environmental taxes is more prominent where the level of natural energy resources is maintained at the expense of renewable energy use; ecological taxation encourages development and implementation of technologies that mitigate pollution and creation of new jobs; environmental taxes are directly related to humans’ ecological quality of life.
286 – 308
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