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Colombia

Law 1943 for the restoration of the balance of the general budget

legislation type Legislative
Law
Passed in 2018
This law enshrines into law several budgetary and tax clauses. It notably establishes a clause favouring private entities undertaking adaptation efforts.

The article 800-1 of this law states that the object of rental tax agreements will a be direct investment in the execution of projects of economic and social importance in the different municipalities defined as the Areas Most Affected by the Armed Conflict (Zomac), related to drinking water and basic sanitation, energy, public health, public education, rural public goods, adaptation to climate change and risk management, payments for environmental services (...).

from the Grantham Research Institute
from the Grantham Research Institute
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