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Investor Presentaiton

5) Concluding remarks • ecological fiscal transfers are a promising instrument because they require no additional budget ecological fiscal transfers provide local governments with income for hosting protected areas preliminary results from Brazil indicate several effects of the introduction of ICMS-E, e.g., a positive correlation with higher protected area shares (~ incentive effect) hence, ICMS-E is likely increasing the provision of undersupplied ecosystem services from protected areas, and increase welfare results may inform design and decisions on ecological fiscal transfers in Portugal, France, Germany, Switzerland, Indonesia, Poland, ... (World Bank, OECD, GIZ, etc.) HELMHOLTZ CENTRE FOR ENVIRONMENTAL RESEARCH - UFZ
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