Lifecycle
- Effective
- Last change
Country / jurisdiction: Uruguay · Year: 2022 · Status: In force · Level: National · Type: Voluntary
In June 2021, a draft bill presented to parliament included a proposal for a carbon tax on gasoline, indicating an initial carbon rate of UYU 5,286 per tonne CO2. The draft bill intended to replace part of the existing fuel excise charges applied to gasoline through the Specific Internal Tax (IMESI), with a tax based on the carbon emissions. The bill became Law No. 19,996 (November 3, 2021), with article 326 containing provisions on the carbon tax. The carbon tax (Impuesto a las Emisiones de CO2) was implemented on January 1, 2022, following the Presidential Decree 441/021, establishing a carbon tax rate of UYU 5,645.45/tCO2e that year. The tax rate is updated annually based on the variation of i) the Consumer Price Index and ii) the intensity of CO2 emissions per litter of gasoline. The Ministry of Industry, Energy and Mining provides this information to the Ministry of Economy and Finance and the Ministry of the Environment.A percentage of the proceedings is set to be allocated for financing policies that promote the reduction of greenhouse gas emissions, sustainable transportation, and climate change adaptation, with the possibility to create a special fund for these purposes.
Source: World Bank Carbon Pricing Dashboard
Official source: https://www.gub.uy/presidencia/institucional/normativa/decreto-441021-se-establecen-valores-del-impuesto-especifico-interno
Source
https://www.iea.org/policies/19297Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.