South Africa’s plan to introduce a tax of ZAR 120 per ton of carbon dioxide equivalent ($8.92/tCO2e) for greenhouse gas (GHG) emissions is the most developed of the country’s policies to address climate change. However, implementation of the tax has already been delayed twice and if the current deadline of January 2018 is missed, industrial players may start to doubt the government’s commitment to enforcing it.
“The concept of introducing some kind of carbon tax system was first discussed in 2006 and, with more than a...
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