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New study connecting environmental degradation and tax havens

A new study lead by Victor Galaz from Stockholm Resilience Center at Stockholms universitet, connected to Misum and SSE via our MFS-program on sustainable finance, shows connections between global environmental degradation and tax havens.

On average 68% of all investigated foreign capital to sectors associated with deforestation of the Amazon rainforest was transferred through tax havens.

70% of the known fishing vessels involved in illegal, unreported and unregulated (IUU) fishing are, or have been, registered in tax havens.

The study is published in Nature Ecology and Evolution.

“Our analysis shows that the use of tax havens is not only a socio-political and economic challenge, but also an environmental one." says Victor Galaz, lead author of the new study.

Another author of the study who is connected to MFS and Misum is Beatrice Crona.

Read about the study and the press release at the Stockholm Resilience Center.

For more info, contact the lead author Victor GalazDeputy Director Stockholm Resilience Centre.

 victor.galaz@su.se

+46 (0)737078528

 

Misum