Govt has finally given in to demands for creation of special account for funds collected under carbon tax

Recently, finance officials revealed that K1.2 billion of carbon levy funds was placed in the consolidated account number one contrary to an earlier commitment to channel the same towards environmental protection.

But in the 2020/2021 fiscal year, the Ministry of Finance has committed to make the Malawi Environmental Protection Authority (MEPA) a custodian of the three billion kwacha projected to be collected as carbon tax.

Chairperson of parliamentary committee on Natural Resources and Climate Change, Welani Chilenga has since commended Finance Minister, Felix Mlusu for the move saying the levy will now serve its intended purpose.