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Tax Reform for Acceleration and Inclusion (TRAIN) Act (Act no 10963) Philippines (2017)

The Act raises taxes on coal from 0.19 US cents in 2017 to 2.85 USD cents per metric tonne in 2020 (source: Climate Action Tracker, https://climateactiontracker.org/countries/philippines/current-policy-projections/).

Name of policy:
Tax Reform for Acceleration and Inclusion (TRAIN) Act (Act no 10963)
Date of decision:
2017
Jurisdiction:
Country
Country:
  • Philippines
Policy objective:
  • Mitigation
Policy instruments:
  • Economic instruments
  • Fiscal or financial incentives
  • Energy and other taxes
Sector:
  • Electricity and heat
  • Coal
Policy type:
  • Renewables
  • Other low-carbon technologies and fuel switch
Implementation state:
In force
High impact:
Unknown
Source of reference:
[Source link #1]
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