The resolution adopting the guidelines on the specific allocation of the national carbon tax in relation to strategic areas and ecosystems has been published

On May 17, the Ministry of Environment and Sustainable Development (“MADS”) issued Resolution 0505 of 2022, which establishes the guidelines described in point 1 of Article 35 of Law 2169 of 2021. aforementioned article modified the attribution of the specific uses of the Carbon Tax for the fiscal periods from 2023, establishing in its 1st post that 50% of it would be intended for: the management of coastal erosion; reducing and monitoring deforestation; conservation of water sources; preservation and management of strategic areas and ecosystems (particularly the paramos); Payments for Environmental Services (“PES”); funding for climate action measures, including those from Nationally Determined Contributions (“NDCs”); Among others. The resources subject to this item must be transferred to the National Environment Fund and at least 15% of these must be allocated to forest conservation projects in the Amazon region.

In this regard, the resolution establishes that, of all the resources referred to in point 1 of article 35 of Law 2169 of 2021, 17.35% will be allocated to strategies of protection, preservation, restoration and sustainable use. strategic areas and ecosystems. . In this sense, the purposes for which this percentage can be used are, among others:

  1. The protection, preservation, restoration and sustainable use of existing areas belonging to the National System of Protected Areas (“SINAP”) or for its expansion and declaration based on the conservation objectives that Colombia currently has.
  2. Periodic analysis of protected area management effectiveness and impact, including contributions to climate resilience, well-being (social, economic, cultural) and reduced emissions.
  3. The implementation of control and monitoring actions for protected areas.
  4. The design and implementation of stakeholder participation and involvement strategies to strengthen decision-making spaces.
  5. The development of agreements for the conservation of protected areas between strategic actors (in particular local communities, farmers and ethnic groups) to harmonize forms of territorial management.
  6. Support for the formulation and implementation of sectoral agreements to reduce deforestation and other changes to the natural topsoil in areas surrounding protected areas, and conservation strategies.
  7. The management of technical assistance aimed at good sustainable production practices and value chains based on the processing and marketing of products derived from biodiversity.
  8. The implementation of good sustainable productive practices that promote connectivity and landscape conservation and resilience to climate change.
  9. The implementation of systems of sustainable use of nature for commercial purposes in protected areas.
  10. The implementation of restoration, rehabilitation and/or recovery actions in critical areas for connectivity.
  11. The characterization of the situation of use, occupation and possession, with an approach associated with the reconversion of productive systems.
  12. Increased recognition of sustainable, ancestral and traditional uses, new uses, community uses and production systems associated with meeting the conservation objectives of protected areas.
  13. Reinforcement, adjustment and implementation of existing financial sustainability mechanisms (municipal, departmental and/or national).
  14. All others determined by MADS and related to the topic of this article.

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