Finance Minister Edward Scicluna announced that the Government will be issuing “green bonds” to help finance environmentally sustainable projects.

He revealed a series of measures for the environment in the 2021 Budget, such as a ban on the importation of single-use plastics from next year. The sale of single-use plastics, such as balloons and cotton buds, will be made illegal from 2022, in accordance with an EU directive introduced this year.

The Minister said that Malta will be dedicating increased focus on the green economy, such as by forming a strategy on low carbon development, energy recovery and lower emissions.

The revision of the Strategic Plan for the Environment and Development (SPED) and work on the National Environmental Strategy (NSE) will continue throughout next year.

“A Low Carbon Development Strategy, with a view to reduce emissions, will be finalised by the end of this year, the Minister said.”

The Worldwide Harmonised Light Vehicle Test Procedure (WLTP) will be introduced, for greater accuracy in the course of testing vehicle emissions. Drivers will not face increased registration tax and road licence, while some may even see a reduction.

A Low Carbon Development Strategy, with a view to reduce emissions, will be finalised by the end of this year, the Minister said.

The strategy explores cleaner energy and recommends action on the use of cleaner transport modes and a more environmentally friendly and holistic waste management systems.

An educational campaign on climate change, its consequences, and how everyone can get involved, will be launched.

Moneybase promises 48-hour turnaround for opening business accounts

February 19, 2024
by Rebecca Anastasi

Calamatta Cuschieri’s Moneybase Business aims to streamline financial processes, and offer a personalised easily accessible, automated service driven by client-needs

European Commission revises Malta’s economic growth projection upwards to 4.6%

February 15, 2024
by Anthea Cachia

Projections were published on Tuesday as part of the European Commission’s 2024 winter economic forecast

Going beyond the basics: How BOV is investing in the future well-being of its people

February 9, 2024
by BN Writer

One year post its Voluntary Occupational Pension Scheme launch, BOV remains committed to being an employer of choice