Lawmakers Propose Tax Hikes to Combat Climate Change

Climate change is prompting some lawmakers to propose property tax hikes to fund mitigation efforts.

world globe balanced on a shelf
(Image credit: Getty Images)

A recent climate change report backed by the United Nations, says that the world could reach a critical warming threshold in about years — by the early 2030’s. A key takeaway from the report is that, without urgent action, the world is running out of time to effectively mitigate the effects of increasing global warming. Meanwhile, lawmakers in some states and countries are turning to tax hikes to help achieve climate goals. One recurring proposal involves raising property tax rates to fund climate change adaptations. Can tax increases help combat climate change? 

The UN Climate Change Report 

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Kelley R. Taylor
Senior Tax Editor,

As the senior tax editor at, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.