Fiscal Instruments to Support Sustainable Development and Encourage Environmentally Friendly Business Practices

Abstract

In this paper, the role of fiscal tools is analyzed through the lens of a transition to a sustainable economy and the support of ecological business practices. These changes force authorities to develop tax policies that consider the climate agenda and the interests of the state, businesses, and consumers. Therefore, by analyzing fiscal instruments meant for eco-technologies, it can be concluded that fiscal support measures guarantee the implementation of ecological technologies, ensuring benefits for the environment, businesses, and consumers. DOI: https://doi.org/10.53486/dri2024.29; UDC: 336.221.4:504.03(100+478); JEL: H23, O13