EfD Stories Colombia- 2017

Colombia introduces carbon tax

by Manuela Fonseca-Gómez

Colombia’s carbon tax, which was passed into law in 2017, is likely to be the most effective policy measure to help the South American country steer its economy towards a lower-carbon development path. This will offset the two other key factors that might otherwise cause the country’s greenhouse gas (GHG) emissions to rise: the falling cost of mining coal, and the fact that the country will eventually reach the limits of its hydroelectric power potential.