MVR 51 million has been spent for environmental projects under the ‘Green Fund’ in June 2022 established from the revenue generated by Green Tax charged by the government.
Finance Ministry’s statistics reveal that 38 environmental projects have been funded from the Green Fund last month. The largest of projects carried from the fund being the water supply system in Hangnaameedhoo, Alifu Dhaalu Atoll, costing MVR 7.2 million. The second-largest contribution was made to the water and sewerage project in Magoodhoo, Faafu Atoll costing MVR 6.7 million.
The “Green Fund” was established to solve environment-related issues in the Maldives. The fund is used to finance environmental protection and sustainable development initiatives such as water and sanitation, coastline protection, and waste management. Green Tax is levied at the rate of USD 6 per tourist per night in resorts and USD 3 per tourist per night in guesthouses.
