From C3 :
Instead of looking to increase regulations, the world should look to unleash innovation through common-sense tax policies. Immediate expensing, for example, which was passed in the 2017 Tax Cuts and Jobs Act, has led to an 11% increase in climate-related R&D . Economic growth and environmental benefits do not have to be mutually exclusive.
- “C3”: https://c3newsmag.com/three-lessons-from-europes-energy-crunch-ahead-of-cop/
- “11% increase in climate-related R&D”: https://www.rstreet.org/2021/06/02/the-effects-of-the-tax-reform-on-energy-and-environmental-research-and-development/?utm_medium=email&utm_campaign=3%20Things%20in%2030%20Seconds%20Tax%20reform%20%20the%20environment%20%203&utm_content=3%20Things%20in%2030%20Seconds%20Tax%20reform%20%20the%20environment%20%203+CID_af8cd4d38afed60f73166f81a24d2009&utm_source=Email%20marketing%20software&utm_term=Tax%20Reform%20is%20Good%20for%20the%20Environment