In 2018, the 93 establishments subject to the green tax totaled payments of US$188,3 million. This amount corresponds to the valuation of the emissions reported for each establishment according to the established calculation formula for local pollutants.
There has been a slight decrease in the amount of totaled payments, compared to 2017. The Ministry of the Environment explains it is due to the reduction of polluting emissions subject to the green tax. For example, CO2 emissions were reduced by 1.1%, particulate matter by 7%, Nitrogen Oxide by 2%, and the tons of Sulphur Dioxide fell by 0.01%.
“It is assumed that the incorporation of more efficient technologies and the implementation of emission abatement mechanisms have had the effect we envisaged through the application of these taxes” commented the Secretary of State.
This year, they expect the tax modernization will “intensify the efforts of each company to reduce their emissions, due to the latent possibility of facing an eventual impact of the green tax, given the change in the criteria for the imposition of the carbon tax.” The new criteria determine that all installations issuing more than 25 thousand tons of CO2 or producing 100 tons of particulate matter annually, will be subject to the tax.