Mail and Guardian 15 August 2012.
Economists have warned that carbon pricing will damage South Africa’s economic growth and global competitiveness.
South Africa’s high dependency on fossil fuel-powered energy has earned it a place among the top 20 carbon emitting countries in the world. In this year’s Budget Speech, Pravin Gordhan announced the implementation of a carbon tax for 2013-2014. A draft policy is being drawn up for public comment.
Carbon pricing was the topic under panel discussion at the Mail & Guardian’s Critical Thinking Forum on Tuesday, hosted by the M&G and BHP Billiton.
Panellists drew a direct link between a carbon tax and rising electricity costs…
(Editorial note. Not sure where the “carbon tax will increase electricity price by 20%”comes from. Eskom’s Grid Emission Factor is about 1 tonne CO2 per MWh at present. So if the carbon tax was R100/tonne CO2, the price of electricity would increase by R100/MWh or R0.10/kWh or about 10% of average domestic tariffs. In practice it would be less because of the rebates the energy intensive industries will be getting.)