Bangladesh backtracks on carbon tax proposal ahead of election year
2 June 2017 – The government of Bangladesh has backtracked on plans to impose a carbon tax in its final budget proposal. In the run-up to the budget announcement, the idea was floated as a way of raising revenue and addressing climate change. It was hailed by international commentators as a sign of leadership from one of the world’s poorest and most vulnerable countries to global warming. However complaints from the transport and energy lobby and concerns about rising costs of living in the election year made the government drop their plans. The only green initiative in the final version of the budget was a tax break for garment factories that meet international green building standards. Read the full article on the ClimateChangeNews website.