Environment & Energy Report

Higher Carbon Tax Urged by Outgoing Chilean Minister

March 14, 2018, 6:41 PM

Chile should increase its pioneering carbon tax to accelerate the development of a carbon-free economy, the country’s outgoing Environment Minister Marcelo Mena said.

Known as the green tax, it charges companies 3,000 pesos ($5) per ton of carbon released as well as for emissions of contaminants such as particulate matter, nitrogen dioxides, and sulfur dioxides, especially if the source is a populated or already-polluted area.

Chile’s move toward renewable energy could be accelerated by significantly increasing the carbon tax to encourage greater investment in pollution controls, as has been recommended by the Organization for Economic Cooperation and Development....

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