SUSTAINABLE DEVELOPMENT AND FISCAL POLICIES

Nowadays the future is seen from the perspective of sustainable development. Awareness of the planet's limited resources led to the creation of protective barriers, there’s no more desire for development at any cost. However, establishing these barriers is the most difficult task - how much can we pollute, what is the correct level of taxation for pigouvian taxes? State intervention in coordinating these issues is crucial. Through the power of the "invisible hand", the state is the only one that can keep the pollution problem under control. Integrating the concept of social responsibility in the everyday life of the consumer is the most important step for the future.