Insights > Analysis > ANALYSIS: Colombian CO2 tax offsetting bounces back as retirements surge

ANALYSIS: Colombian CO2 tax offsetting bounces back as retirements surge

Published 14:03 on March 27, 2025 / Last updated at 14:03 on March 27, 2025 / / Americas (Compliance Markets & Taxes, LATAM & Caribbean), Insights (Analysis), Nature-based Carbon (Forestry), Voluntary (VCM Governance)

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Market experts are putting out various explanations for the surge in voluntary carbon credit retirements against the Colombian CO2 tax in 2024, including theories linked to the controversial introduction of a cap in 2022 on taxed emissions that can be offset with domestic credits.
Market experts are putting out various explanations for the surge in voluntary carbon credit retirements against the Colombian CO2 tax in 2024, including theories linked to the controversial introduction of a cap in 2022 on taxed emissions that can be offset with domestic credits.


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