The main objective was to provide a comprehensive diagnosis of the Peruvian fiscal system to map all the taxes, fiscal incentives, and subsidies that are associated with activities, products, and services that directly or indirectly generated GHG emissions. This was achieved through more specific objectives, such as the mapping of all taxes, tax incentives and subsidies. Special attention was given to energy-related products and services, mining-related products, and the forestry sector.
Fiscal incentives, and subsidies that have a direct or indirect relationship with GHG emissions were analysed and categorised by sector, economic activity, and geographical region. The economic, financial, distributional, and fiscal impact of the current system was also assessed by sector and socio-economic category.
A fiscal strategy consistent with the country’s emission reduction commitments was proposed to ensure a positive or neutral fiscal impact.
Finally, a comprehensive and detailed analysis of the legal and regulatory framework and existing fiscal regimes was carried out.
ClientThe World Bank
SolutionTaxation and green finance
Dates04/2021 – 09/2021
Methodology for the identification and quantification of green budget – expenditure actions and their environmental impact
The General Objective of the project is to develop criteria for identification and quantification of revenue-expenditure actions and their environmental … Read more
Mapping objectives in the field of environmental taxation and budgetary reform: environmentally harmful subsidies
The objective of this study was to provide a toolbox to stakeholders planning to reform Environmental Harmful Subsidies (EHS) in … Read more
Allocation and impact report of 2021 Kutxabank green bonds
Kutxabank has issued green bonds for a value of 500 million euros, with a term of 6 years. To this … Read more