Sustainable Development: An Ambitious Target to Be Achieved?

The aim of the present study is to substantiate argument that funding worldwide environmental efforts for eliminating air pollution from CO2 emission requires transferring a huge amount additional tax revenue budget both developed and developing countries. To reach such conclusion, utility function sample eleven countries chosen determine an optimal combination direct indirect taxes. This estimated at different levels constraints efficient allocation resources. under general title sustainable development include ambitious targets, as climate changes, degradation, peace, justice so on. concept defined meets needs generation without undermining ability future generations meet their own needs. Given scarcity reliable data measuring influence institutional changes on economic social indices, methodology employed in overcome problem arising complex pillar investigate extent which pillars are financially compatible, if current size government can support proposed reform bill. Since we demonstrate appears be hardly attainable, it redundant issues our analysis.