Environmental taxes in an emerging economy

Carbon taxes is perceived to be a good instrument for plummeting greenhouse gas discharge in indusrialized nations that have no prevailing transaction arrangements. Up till now most countries of the world have not recognized the role played by carbon taxes in reducing carbon emission. Most emerging economies are doing nothing to reduce carbon emission within their jurisdictions. Thought carbon taxes have been advocated by experts as a veritable tool for reducing carbon yet most government of emerging nations for political reasons have refused to look at this direction. Many political leaders of emerging nations are said to have played to the gallery with multinational corporations and induced by the same who cause environmental pollution without corresponding replishing of host community. This study cogitates the role of environmental taxes as devices for enhancing the environment as well as a channel for raising funds for executing governmental activities. This paper reviews the cases on ecological taxation theories and discuss matters that arise from the implementation of environmental taxes. Similarly it discusses the likelihood of political acceptance of such taxes when they are linked to the goal of economic development. This study recommended a model that future researchers can adopt for further studies.