Offsets being used in Colombia to dodge carbon taxes – report

Offsets being used in Colombia to dodge carbon taxes – report

Fossil fuel levy can be avoided by buying carbon offsets that may have no benefit for climate

Forest protection carbon offsets that may have no benefit to the climate have been used by polluters to avoid paying carbon taxes in Colombia, according to a report.

In 2016, a levy of about $5 (£3.60) was introduced in the South American country to cover the use of some fossil fuels. However, companies that emit carbon dioxide can avoid paying the tax by buying carbon offsets from Colombian emission reduction projects, including those that conserve threatened natural carbon banks such as peatlands, forests and mangrove swamps.

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