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Green ease

CAROL MARTINDALE, [email protected]

Green ease

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TAX BREAKS FOR businesses and individuals who produce and use alternative energy are among a wide range of concessions coming under long-awaited green legislation.
The financing for the initiative has been also approved by the Central Bank.
Minister of Finance Chris Sinckler announced yesterday that the new and comprehensive legislation would be fully unveiled in another three weeks, in a move to encourage the use of alternative energy and investment in the sector, and cut the country’s $800 million fuel bill by 20 per cent over the next 15 years.
He gave a sneak peek of the legislation during a news conference at the Barbados Chamber of Commerce and Industry’s Deighton Road, St Michael headquarters.