Lebanon strives to derisk climate-relevant investments both for the public and private sectors, as it is of the essence to accelerate the deployment of climate-friendly technologies, especially renewable energy5. Additionally, fiscal incentives and disincentives are necessary to operationalize the “Polluter Pays Principle” across all relevant emitting sectors to fast-track the
Lebanon strives to derisk climate-relevant investments both for the public and private sectors, as it is of the essence to accelerate the deployment of climate-friendly technologies, especially renewable energy5. Additionally, fiscal incentives and disincentives are necessary to operationalize the “Polluter Pays Principle” across all relevant emitting sectors to fast-track the shift to greener options, such as Decree 167/2017 which reduces corporate tax/customs fees based on clean technology uptake, Article 55 of 2018 Budget Law which provides tax exemptions for electric vehicles and tax reductions for hybrid vehicles, and Law 77/2018 and its amended version 192/2020, where the Water Code lists penalties for polluters.
"Article 55 of 2018 Budget Law which provides tax exemptions for electric vehicles and tax reductions for hybrid vehicles"
LB
Sectoral Mitigation Policies
M_SecPol3
Information on upstream policies for a given sector
Upstream policies on
Transport
Vehicle Fleet