Green Tax Would Encourage Recycling

A proposed “green tax” would make it more expensive for landfills in Iceland to bury garbage than to recycle, Vísir reports. The landfilling of waste is currently responsible for 7% of Iceland’s overall greenhouse emissions.

Minister of the Environment and Resources Guðmundur Ingi Guðbrandsson says there are currently two kinds of green incentives on the table. One of these is to levy a tax on landfilling waste. The other is to tax the gas used in the refrigeration machinery associated with the landfilling process. Guðmundur Ingi says that this gas is responsible for around 7% of Iceland’s greenhouse gas emissions.

Green taxes such as these are intended to encourage individuals and businesses to adopt more environmentally friendly behaviours and also increase recycling around the country. Guðmundur hopes that a green tax will help to reduce Iceland’s greenhouse emissions and thereby reduce the country’s overall climate impact.

“These are, in my opinion, very important environmental initiatives…by landfilling, we’re creating far too many greenhouse emissions, but with these taxes, it will be more expensive to landfill and more competitive to recycle,” he concluded.

The green tax was one of the financial policy proposals discussed in parliament on Thursday. It’s hoped that it will be implemented in phases in the next year.