Carbon taxation in Colombia: a tax mechanism against climate Change

Abstract

This article tackles the foundations for the carbon tax and its advancements in the Colombian legal ordinance, as one of the new taxes in matters of tax collection and protection of the environment. Although the taxation mechanisms have a collectional purpose, this one in particular would be set up for redirecting the taxation passive subjects conduct towards rational and sustainable consumption patterns. This tributary mechanism enables the cooperation between companies, society and State for materializing the goals and the national environmental policies as well as those established within the scope of international agreements, and making itself evident in the exemptions included in the said tax, the improving in the image and an increase in the country’s business competitiveness.