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Renewables See No Gain in Chile’s Proposed Carbon Tax Expansion

Aug. 27, 2018, 10:06 PM

Proposed changes to Chile’s pioneering tax on carbon emissions will bolster government revenues, but won’t speed up a switch to cleaner forms of energy, the country’s renewables industry said.

“With this modernization, renewables are no more competitive against fossil-fuel-based dirty technologies than before,” Carlos Finat, executive director of Chile’s renewables association, ACERA, told Bloomberg Environment Aug. 27. “We have many barriers to overcome.”

Chile enacted the first carbon tax in the Americas in 2014, charging all boilers and turbines with more than 50 megawatts of capacity $5 per ton of carbon dioxide equivalent emitted into the atmosphere, with additional ...

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