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: Engineers call for national approach to flooding

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

Implications for the fate of green fertilizers

1 hour ago

The use of green fertilizers is a practice that has been around since humans first began growing food, but researchers are warning that modern techniques for the creation of these fertilizers could have implications ...

Ditching coal a massive step to climate goal: experts

3 hours ago

Phasing out coal as an electricity source by 2050 would bring the world 0.5 degrees Celsius closer to the UN's targeted cap for climate warming, an analysis said on the eve of Tuesday's UN climate summit.

Monitoring heavy metals using mussels

6 hours ago

A research team in Malaysia has concluded that caged mussels are useful for monitoring heavy metal contamination in coastal waters in the Strait of Johore. Initial results indicate more pollution in the eastern ...

Climate change report identifies 'the most vulnerable'

7 hours ago

Extreme weather events leave populations with not enough food both in the short- and the long-term. A new report by the Environmental Change Institute (ECI) at the School of Geography and the Environment ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

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