The UN COP26 Summit 2021 was recently concluded in Glasgow, Scotland, as climate change becomes a key agenda worldwide. The conference was an opportunity for governments to track how they have responded to multiple challenges presented by the climate emergency efforts with two areas of focus, including reducing carbon emissions and changing the use of resources.
Kenya and other East African Community states have over the years adopted tax policy initiatives to control the use of certain products with an effect on the environment. These taxes have ranged from excise duties or environmental taxes to income taxes on corporates. It is anticipated that prioritising tax-related environmental measures will be a great lever for change in the consumption or use of certain products.
