What other national regulatory measures are there, such as taxes on energy consumption and/or tax reliefs on energy-saving measures, that can encourage more efficient use of energy in buildings?
In addition to CO2 and energy reduction targets, there are other national regulatory measures that can incentivize more efficient energy use in buildings in Venezuela:
Energy consumption taxes
- Income Tax Law: This law establishes a tax on electricity consumption for the residential, commercial and industrial sectors. The tax is calculated based on energy consumption and is used to finance energy efficiency programs.
- Organic Law of Gaseous Hydrocarbons: This law establishes a tax on natural gas consumption for the residential, commercial and industrial sectors. The tax is calculated based on gas consumption and is used to finance energy efficiency programs.
Tax exemptions for energy-saving measures
- Income Tax Law: This law establishes tax exemptions for the import of equipment and materials intended for energy efficiency in buildings.
- Law for the Promotion and Development of Electric Generation with Renewable Sources: This law establishes tax exemptions for companies that invest in renewable energy generation projects.