PH nixes carbon tax on coal, thermal plants 10 SHARES Share it! Share TweetBy Myrna M. VelascoHANOI, Vietnam – The Philippines is not adopting the policy of enforcing a carbon tax on its thermal power facilities and similarly situated technologies because this will just be punishing consumers. He emphasized that the recent hike in tax for coal technology had just been anchored more on much-needed adjustment in the taxation regime rather than treating it as a carbon tax. The coal tax is scheduled to go up to P100 per metric ton in 2019; and P150 per metric ton in 2020. In the end, the government and the private sector investors contended that carbon tax will not be a palatable policy option, given the fact that Filipinos are a highly price-sensitive league of consumers.

Source: Manila Bulletin November 11, 2018 13:52 UTC