* Ecuador’s President Daniel Noboa has sent a bill to the national assembly aimed at resolving the energy crisis which in October forced the government to introduce rolling blackouts. Noboa categorised the bill as a matter of “economic urgency”, meaning that the national assembly will need to vote on it within 30 days. The bill proposes the creation of an ‘energy efficiency fund’ which will finance different initiatives, including campaigns promoting energy saving; substitution programmes for machinery, equipment and appliances; energy-saving systems; and initiatives for the industrial sector. The bill also proposes tax incentives for energy saving, with reductions in income tax for those who reduce their energy use, among other things.
Back
LatinNews Daily - 21 December 2023
In brief: Ecuador’s gov’t presents bill to address energy crisis
- VENEZUELA: Saab released as part of prisoner swap with US
- In brief: Ecuador’s gov’t presents bill to address energy crisis
- BRAZIL: Lula hails economic ‘seriousness’ as year draws to a close
- In brief: Brazil’s Lula promulgates tax reform
- SURINAME: Bouterse conviction upheld
- In brief: Cuba unveils economic readjustment plan
- MEXICO: Business group announces reopening of border crossings
- In brief: Fitch removes Mexico’s Pemex from Rating Watch Negative
- ARGENTINA: Milei begins deregulation drive
- In brief: Argentina gov’t hails peso debt auction