The Nigeria Climate Innovation Centre (NCIC), a global network of World Bank’s Community Innovation Centres (CICs) and a member of the Climate Business Innovation Network (CBIN), has said that the proposed 10 per cent green tax on single-use plastics in Nigeria would affect production and consumption by increased pricing to consumers and households, as well as increased operational expense to producers. While explaining that green taxation is a policy tool used by governments to promote sustainable behaviour by imposing taxes and fees on activities that pollute and degrade the environment, the centre said embracing circular economy principles could enhance economic
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