Miscellaneous Taxes Act No. 13 of 1963, Chapter 77:01 (Act last amended by Act 46 of 2013) 

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<p>This Act establishes the Green Fund to financially assist organisations and community groups that are engaged in activities related to remediation, reforestation and conservation of the environment. Effect from 1 January 2001, the 0.1% Green Fund Levy applies on gross sales or receipts of a company carrying on business in Trinidad and Tobago. The Green Fund is the National Environmental Fund of the Republic of Trinidad and Tobago. The detailed definition of the relevant activities are as follows:- Remediation: remedying and restoring the functional capacity of an environmental resource damaged by both natural or man-made causes (e.g. wetland or watershed restoration after a storm, land restoration of abandoned oilfields after quarrying or mining)- Reforestation: replanting a previously forested area mainly with seedlings of indigenous forest tree species- Conservation: wise use of natural resources for the benefit of present and future generations (e.g. ecotourism, national parks, renewable energy, reducing pollution (e.g. greenhouse gas emission), sustainable fishery, protecting biodiversity and ecosystems, green technologies and practices)Activities financed by the Green Fund shall be managed by the Minister responsible for finance. The Minister responsible for the environment shall appoint a committee called the Green Fund Advisory Committee to advise on the certification of activities. The Committee comprises of a minimum of five but no more than nine members, selected among persons with experience and relevant qualifications in the areas of finance, environmental management, law or forestry that have demonstrated interest in remediation, reforestation, environmental education and public awareness of environmental issues or conservation. The members of the Committee holds office for two years and renewed by no more than two consecutive terms.All accounts of the Green Fund are kept separately by the Comptroller of Accounts, and shown to Parliament in the general accounts. The Auditor General, in accordance with the Exchequer and Audit Act, audits them annually. The Minister may make Regulations for:- The management and control of the Green Fund- The accounts, books and form to be used in the management of the Green Fund- The projects and other activities which advances are made from the Green Fund- The general operations of the Green Fund.</p>

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

This sector involves the wholesale and retail selling of goods.

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Actions or measures to adapt terrestrial systems to climate change.

Compulsory, required payments to the government that are levied more-or-less in proportion to the services provided. Fees and charges range from entrance fees to national parks, charges on land-based sewage discharge.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

A loan is a policy instrument where funds are provided to a borrower with the expectation of repaying the principal plus interest.

The activities of industries that transforms raw materials into finished goods through industrial processes.

Activities that provide lodging, food, and entertainment services to guests, including hotels, restaurants, and resorts.

This sector creates and distributes information and entertainment through television, radio, print, and digital platforms.

Financial support to help individuals manage the effects of unexpected events, securing their livelihoods and increasing the resilience of people and businesses to the changing climate. It’s especially vital in developing regions where everyday risks, climate-related weather extremes, or crop failures can push people into poverty. Without insurance, people may have to resort to selling assets or cutting consumption to cope with losses.

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Actions and measures to adapt and increase resilience of societies and the economy to climate change.

Activities that relate to the production of goods and services from forests.

This sector involves activities that impart knowledge and skills to individuals, including formal schooling, vocational training and educational support.

This sector involves activities to move goods and people, alongside the storage of products.

Miscellaneous Taxes Act No. 13 of 1963, Chapter 77:01 (Act last amended by Act 46 of 2013)

Policy instrument

Impacted group

Fossil fuel

Economic sector

Adaptation/resilience

Finance