Chile has recently introduced carbon tax to promote vehicle and energy efficiency. This tax reform is the largest in the last three decades, and will mostly focus on tax increase for bigger companies.

The tax reform dictates carbon taxation of new car purchases based on Nitrogen oxide (NOx) (heavy) and Field Electron (FE) (more light) emissions, according to Fuel Economy labelling information. The reform also includes a “green tax,” a US$5 tax per ton of CO2 emitted from thermal powerplants.

Nairobi, 30 October 2014

It is a pleasure to join you today.   I am glad that my visit to the Horn of Africa has enabled me to take part in this important gathering. Thank you for your invitation and this opportunity.

I thank the Kenyan Government for hosting this inaugural Forum.  I also thank the World Bank for working with UN-Habitat and the UN Environment Programme in supporting this effort.

Ladies and Gentlemen,