Fiscal Policy for Climate Change: Support to the Ministry of Finance of Chile

This Technical Cooperation (TC) aims to support the Chilean Ministry of Finance (MH) in the development of tools that promote the integration of climate action in its fiscal policy and management, mainly through the development of two tools: the definition of the structural elements for the elaboration of a Classification System of Environmentally Sustainable Economic Activities of Chile ("Taxonomy"); the implementation of a compensation system within the framework of the green tax (SCIV); and the development of energy efficiency levels for the implementation of a new tax on emissions.

Project Detail

Country

Chile

Project Number

CH-T1305

Approval Date

September 26, 2023

Project Status

Implementation

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000769-1868439044-27

TC Document

Documento de CT - Divulgacion_2315.pdf

Sep. 26, 2023

English