Business Line: To ensure sustainable growth, green tax in India is a mixture of incentives and, of late, a rise in penalties.
The economist Kenneth Boulding once warned that anyone who believes exponential growth can continue forever in a finite world is either a madman or an economist.
Maintaining respectable economic growth rates is imperative for all countries, and a high level of consumption is now a way of life. Collectively, this has put food, water and energy supplies under increasing pressure. The...