Although costs of complying with tough environmental laws may be high, these "green" taxes simply force firms to pay the "real" costs of their activities they were previously placing on others.

Question

Although costs of complying with tough environmental laws may be high, these "green" taxes simply force firms to pay the "real" costs of their activities they were previously placing on others.​

Quizplus · Accepted Answer

Green taxes aim to internalize the external costs that firms previously placed on society and the environment. By making firms pay for these costs, they are being forced to bear the true costs of their activities, which is a fairer and more sustainable approach.

Although Costs of Complying with Tough Environmental Laws May Be