The Green Fund accumulated USD 103.63 million by the end of 2024, as detailed in the December 2024 Green Fund report released by the Ministry of Finance and Planning. The report reveals that USD 71.34 million was deposited into the Green Fund throughout the year. Notably, USD 41.84 million was disbursed for various environmental projects, underscoring the fund's active role in sustainability efforts.
Implemented to finance environmental protection and sustainability initiatives in the Maldives, the Green Tax is imposed on tourists staying at resorts, hotels, guesthouses, and vessels. Tourists at resorts and safari vessels are charged USD 6 per day, contributing to the fund.
Guests at hotels and guesthouses on inhabited islands with more than 50 rooms also contribute USD 6 per day. In hotels and guesthouses with fewer than 50 rooms, the tax is set at USD 3 per day, ensuring that all visitors play a part in supporting environmental initiatives.
Starting 1 January 2025, the government has announced an increase in the tax rate. Tourists at resorts, safari vessels, and hotels or guesthouses with more than 50 rooms will now pay USD 12 per day, doubling the previous rate. Those staying at hotels and guesthouses with fewer than 50 rooms will see their rate rise to USD 6 per day. Additionally, the exemption of children under two from the Green Tax will take effect next year.
Funds collected through the Green Tax are earmarked for critical environmental protection and related projects, including water supply and sewerage development, coastal protection, and clean environment initiatives.
Statistics from the finance ministry indicate that the highest Green Tax collection in 2024 occurred in March, totalling USD 7.33 million. This was followed by December, which saw collections amounting to USD 123,218.98, highlighting the steady stream of contributions to the fund.