With governments publishing their plans to achieve carbon neutrality at COP27, and investors and consumers alike increasingly expecting businesses to follow suit, the stage is set for 2023 to be a year of action.  Cathy Koch, EY’s Global Sustainability Tax Leader, Alenka Turnsek, EY EMEIA Sustainability Tax Leader, and Jesper Solgaard, EY Asia Pacific Sustainability Tax Leader discuss how tax functions can help organizations navigate a complex global landscape of environmental taxes and incentives. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The views of third parties set out in this publication are not necessarily the views of the global EY organization or its member firms. Moreover, they should be seen in the context of the time they were made.