Carbon Tax Policy Paper: Reducing Greenhouse Gas Emissions and Facilitating the Transition to a Green Economy
 
The National Treasury Department released a Carbon Tax Policy paper in May 2013, with the theme titled Reducing Greenhouse Gas Emissions and Facilitating the Transition to a Green Economy. This paper details out the proposed Carbon Tax for South Africa, due to be implemented in January 2015. Climate change poses a risk to on-going efforts that aim to address poverty, one of the triple challenges existing in our country. This paper is therefore one of the steps that government has taken towards greenhouse gas mitigation and adaption processes. South Africa made a commitment in the COP17 Conference held in Durban (2011), to take necessary action to control greenhouse gas emissions by 34 per cent by the year 2020, and by 42 per cent by the year 2025.
 
This policy aims to transform both producer and consumer behaviour in the next years to come through carbon pricing, which will create research incentives and address the negative externalities problem; and by achieving low carbon emissions.

Treasury has invited members of the public to provide comments on the paper, no later than the 2nd of August 2013.

To visit the National Treasury website, please click here
             
The Carbon Tax Policy paper can be found here