TAX BREAKS FOR businesses and individuals who produce and use alternative energy are among a wide range of concessions coming under long-awaited green legislation.
The financing for the initiative has been also approved by the Central Bank.
Minister of Finance Chris Sinckler announced yesterday that the new and comprehensive legislation would be fully unveiled in another three weeks, in a move to encourage the use of alternative energy and investment in the sector, and cut the country’s $800 million fuel bill by 20 per cent over the next 15 years.
He gave a sneak peek of the legislation during a news conference at the Barbados Chamber of Commerce and Industry’s Deighton Road, St Michael headquarters.
Green ease
Previous article
Next article
Related Articles
Cummins: Govt prioritising adolescent care
Barbados has built universal health care, education and social protection, but the next challenge is making those systems...
Deadly shooting near Paris investigated as ‘crime of terrorism’, minister says
One person has been killed and five others wounded - three seriously - in a gun attack in...
Father remanded to custody on a charge of murdering his son
A 45-year-old cane harvester has been remanded to prison after he appeared in a magistrate’s court here on...
Pitch to boost business facilitation
The global business sector is keen to continue working with Government and other partners to improve business facilitation...