Gradual tax on coal and gas

The tax bill proposal contemplates a gradual carbon tax on coal and natural gas in Colombia. It starts with a grace period valid until 2024. After that year, a 20% tax will take place and will increase by 20 percentage points yearly until the proposed tax rate is fully applied in 2027. According to the minister of energy, Diego Mesa, this gradualness allows thermal agents to incorporate clean technologies to reduce their CO2 emissions.

Source: Portafolio