New Bill Will Award Green Companies Big Tax Breaks for Their Carbon Emission Conscious Choices

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    The Costa Rica News (TCRN) – A bill is being debated in Costa Rica Legislature that proposes to reward companies that reduce their carbon emissions with a 5% exemption on their income taxes. This is all part of a multitude of measures that are being taken to fulfill the national goal of making Costa Rica the first carbon neutral country in the world by 2021.

    The deputy of the Social Christian Unity Party (PUSC), Jorge Rodríguez, who proposed the bill, explained that the initiative also seeks to encourage foreign-national companies operating in the local market to increase their actions to reduce carbon emissions and become certified carbon neutral companies.

    The bill is being discussed in the Special Standing Committee on Environment, where lawmakers are debating whether to issue a penalty of 5% for companies that do not reduce their emissions.

    According to Rodriguez, the main idea is not to punish companies, but to push owners into taking the necessary actions towards carbon neutrality. (Amelia Rueda)

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

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