Written by Admin
November 05, 2007 Hits: 706  0
The objective of this project is to provide SMEs with a model, similar to the model for financial accounting, for declaring their environmental efforts. The model will include strong motivators generating direct economic benefits such as lowered costs, interest rates, insurance premiums, and taxes.The project encompasses six phases: five of these are related to generating a working model and to test this on a number of pilot enterprises. The sixth phase, building on the result of the pilots, will develop a verified environmental declaration (given the working name E-VAT, Environmental Value Added Tax). E-VAT is intended to be a voluntary system for companies that pay corporate taxes. With E-VAT, environmental performance improvements will result in economic stimulation.
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