National Treasury tables carbon tax policy paper for final comment

Polity.org.za 2 May 2013.

South African industry have until August 2 to comment on the carbon tax proposals tabled by the National Treasury on Thursday.

The Treasury aimed to promulgate a phased-in tax rate of R120/t of carbon dioxide equivalent (CO2e), increasing 10% a year during the first phase, in an attempt to curb the country’s greenhouse-gas (GHG) emissions.

The country aimed to decrease its GHG emissions by 34% by 2020 and by 42% by 2025.

The second and final comment paper, titled ‘Reducing greenhouse gas emissions and facilitating the transition to a green economy’, followed on the 2010 discussion paper and takes into account all comments received, as well as the 2006 Environmental Fiscal Reform policy paper.

(Download the comment paper here: Carbon_Tax_Policy_Paper_May2013)

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