Project description
The main objective was to analyse the Panamanian fiscal system, which was accomplished by conducting a broad and comprehensive diagnosis of the Panamanian fiscal system including all taxes, incentives and subsidies associated with products and services that directly or indirectly generate GHG emissions. It also assessed whether the existing framework of taxes, incentives and subsidies were aligned with Panama’s low-carbon strategy. Finally, when they were not aligned, a fiscal strategy consistent with the country’s emission reduction commitments, ensuring a positive or neutral fiscal impact was proposed.
Metroeconomica was responsible for mapping taxes, incentives, and subsidies, assessing the economic, environmental, and distributional impact of the current system, and proposing changes to the current tax system.
Project details
-
ClientThe World Bank
-
SolutionTaxation and green finance
-
Dates12/2020 – 02/2021
-
LocationPanama
Related projects
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
Environmental priorities to support the greening of the European Semester and integration of environmental priorities
Supporting the integration of environmental considerations into the European Semester was the central objective of this consultancy, which provided analytical … Read more
Analysis of Carbon Pricing Instruments, fiscal schemes and proposed Roadmap to promote a transition to a low-carbon economy in specific sectors
The consultancy evaluated existing carbon pricing instruments and related fiscal schemes in Peru and identified alternatives for the design and … Read more
