Platform for REDESIGN 2020

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Sustainable finance (public/private)/market mechanisms/carbon pricing

Andorra has create a price for carbon as an additional element of the general branch of the excise tax on hydrocarbons whose use generates or is likely to generate greenhouse gas emissions. Gradually integrating the CO2 element would internalise the social and environmental costs of the negative effects of fossil fuel use and improve the competitiveness of other less polluting energy sources. Ultimately, the chief goals of a tax such as this one are to send out a price signal to the economic agents and improve the competitiveness of other less polluting counterparties.

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