Wed | Sep 20, 2017

Environment Trust in support of carbon tax talks

Published:Monday | June 27, 2016 | 6:29 PM

Environmental lobby group, the Jamaica Environment Trust (JET), says it would support a decision to introduce a tax on carbon emission from fossil fuel.

New documents for the International Monetary Fund say the government has indicated that it is considering imposing environmental and carbon taxes as part of efforts to generate revenue.

A carbon tax is effectively a cess on carbon dioxide emissions produced during the burning fossil fuels.

The charge, called a carbon price, is the amount that must be paid for the right to emit one tonne of carbon dioxide into the atmosphere.

JET CEO, Diana McCaulay says the move is a progressive step for Jamaica but would want to see more.

 

JET CEO, Diana McCaulay speaking with reporter Jerome Reynolds

McCaulay says introducing a carbon tax would help to promote environment protection.

She also says the it would affect any entity or individual using oil, coal and even natural gas.

The JET CEO says while it’s a welcomed move it does not go far enough.