Yesterday, Christine Lagarde, Managing Director of the IMF, launched the latest book in a series on what good fiscal policy should look like in a world of environmental externalities. The message was clear: Ministers of finance and economics should design their tax systems skillfully so as to tax bad things, like pollution and congestion, rather than good things like work and profit. Not to do so is plain bad economics.
A U.N. working group of 70 member states recently adopted a proposed set of Sustainable Development Goals (SDGs) to succeed the U.N.’s Millennium Development Goals (MDGs) set to expire in 2015. The “post-2015” SDGs will aim to eradicate extreme poverty by 2030 while also supporting inclusive economic development and environmental sustainability. While the proposal puts forward a plethora of targets for the international community to pursue between 2015 and 2030, it leaves out a critical component of improving rural livelihoods—securing community land rights.
At its core, environmental democracy involves three mutually reinforcing rights: the ability for people to freely access information on environmental quality and problems, to participate meaningfully in decision-making, and to seek enforcement of environmental laws or compensation for damages