Natural Resources Tax Law - Latvia carbon tax

The Latvia carbon tax (official name: Nodoklis par oglekla dioksida emisiju) is part of the Natural Resources Tax Law (Dabas resursu nodokļa likums), which aims to promote economically efficient use of natural resources, to restrict pollution of the environment, to reduce manufacturing and sale of environment polluting substances, to promote implementation of new, environment-friendly technology, to support sustainable development in the economy, and also to ensure environmental protection measures are funded. The tax complements the EU ETS, covering fuels combustion not captured by the ETS. 

Source: World Bank Carbon Pricing Dashboard

Want to know more about this policy ? Learn more