S. Africa to introduce carbon tax from 2015

Feb 27, 2013
Smoke billows from a refinery just outside Durban City on November 29, 2011. South Africa will introduce a tax on carbon emissions in 2015 amid concerns of global warming, Finance Minister Pravin Gordhan announced on Wednesday.

South Africa will introduce a tax on carbon emissions in 2015 amid concerns of global warming, Finance Minister Pravin Gordhan announced on Wednesday.

The tax to come into effect in January 2015 will be levied at 120 rand ($14) per tonne of carbon dioxide and will be subject to a 10 percent increase every year for the first five years.

"To soften the impact, a tax-free exemption threshold of 60 percent will be set with additional allowances for emissions-intensive and trade-exposed industries," he proposed in his 2013 budget speech.

The new will see the phasing out of the existing electricity levy, a tax on non-renewable and nuclear energy.

He said government will also back incentives to upgrade fuel refineries and the production of bio-fuel in a bid to boost output of cleaner fuel in the country.

"We are also encouraging the private sector and smaller public entities to be creative and develop low-carbon projects," he said.

The government has pledged to reduce domestic by 34 percent by 2020 and by 42 percent by 2025.

Explore further: German scientist starts four-week swim down Rhine river

add to favorites email to friend print save as pdf

Related Stories

Australia sets carbon price to fight climate change

Jul 10, 2011

Australia Sunday announced plans to tax carbon pollution at Aus$23 (US$24.74) per tonne to help battle climate change, as it moves towards an emissions trading scheme similar to that of Europe.

India says EU tax a 'deal breaker' for climate talks

Apr 11, 2012

India's environment minister said Wednesday that a European Union scheme to tax airlines for carbon emissions was "a deal breaker" ahead of global climate change talks, a warning rejected by the EU.

Recommended for you

Malaysia air quality 'unhealthy' as haze obscures skies

1 hour ago

Air quality around Malaysia's capital Kuala Lumpur and on Borneo island was "unhealthy" on Tuesday, with one town reaching "very unhealthy" levels as haze—mostly from forest fires in Indonesia—obscured skies.

Worldwide water shortage by 2040

1 hour ago

Two new reports that focus on the global electricity water nexus have just been published. Three years of research show that by the year 2040 there will not be enough water in the world to quench the thirst of the world population ...

Regulations only a first step in cutting emissions

2 hours ago

Intensifying calls for action on climate change have led to a variety of proposed regulations to cut greenhouse gas emissions from specific sources of the economy, including, most recently, the environmental ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

VendicarE
5 / 5 (1) Feb 27, 2013
Excellent.