INSTITUTIONNAL SUPPORT FOR ECO FRIENDLY BUSINESS

The European Union (eu) has proposed to amend the 40-year-old Common Agricultural Policy (cap).
Under the proposal, subsidies will be granted to farmers on the basis of their observing public
health, safety and environmental norms. This is in contrast to the existing system wherein farmers
receive sops on the basis of their produce and farm size.

For countries like India, where subsidies amount to only us $1 billion, the proposal would still lead to
unfair competition from highly subsidised imports from developed countries. Bibek Deb Roy,
director, research, Rajiv Gandhi Institute for Contemporary Studies, a Delhi-based body working on
issues related to sustainable development, too envisages a grim future: "For developing countries
like India, cap will continue to create a market access barrier on the country's agricultural exports.'
Under cap, eu imposes levies on agricultural products from non-eu nations through its external tariff.

http://www.indiaenvironmentportal.org.in/content/19690/ecofriendly-subsidies-proposed/

POLICY MEASURE TO SUPPORT INCLUSIVE AND GREEN BUSINESS MODEL

https://www.enterprise-development.org/wp-
content/uploads/Policy_Measures_to_Support_Inclusive_and_Green_Business_Models.pdf

Tax Benefits and Other Financial Incentives

The U.S. government understands the need for sustainable and renewable energy. In efforts to
support this approach, it offers various tax advantages to businesses that go green. This
includes tax breaks, rebates and other monetary enticements. These financial incentives are
offered on both the state and federal levels. Some examples follow.

 Business deductions for installation of HVAC, interior lighting or hot water systems
that significantly reduce power use
 Tax credits and grants of 10 and 30 percent for use of alternative energy properties
 Tax credits for use of alternative vehicles that meet specific fuel-efficient standards
 Bonus depreciation for qualified recycling and reuse of certain equipment or
machinery

Government Subsidy Benefits

Tax breaks are not the only government advantages offered to green businesses. There are a
number of grants, subsidies and financing programs available as well for the company or
entrepreneur who seeks to be eco-friendlier. The Environmental Protection Agency provides
grants for qualified programs that are related to environmentally responsible approaches for a
variety of business operations. The Small Business Administration (SBA) offers financing
solutions to business organizations that support green solutions in new construction,
retrofitting existing structures and the advancement of green technologies. These are but a
few of the many government subsidies available to companies that effect environmentally
friendly practices and solutions.