Tuesday 17 July
Powered by Ajaxy
Oct 7, 2017 @ 11:14

Gatchalian looks at carbon tax to spur RE development

 

Senator Sherwin Gatchalian is suggesting the imposition of a carbon tax in the country to help renewable energy developments compete with coal plants.

“We’re studying that I think it’s about time to look at that and make it a law so we will have some form of carbon trading,” he said.

“It’s also to have a financial mechanism to make it financially viable for generators,” he added.

Apart from supporting renewable energy developers, the carbon tax will also take into consideration the impact of carbon emissions on health and the environment, Gatchalian said.

According to the World Bank, A carbon tax directly sets a price on carbon by defining a tax rate on greenhouse gas emissions or – more commonly – on the carbon content of fossil fuels.

Tags: , , , , , ,

Related Stories
The spending boost on infrastructure won't be enough to achieve this goal.
India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated
The Philippines is on the road to uplifting poor people. The World Bank said that
Argentina appeared Tuesday to have halted the slide in the peso after the Central Bank


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.