27 Feb '12, 7am

South Africa Proposes National Carbon Tax To Start In 2013: Filed under: Energy News

South Africa Proposes National Carbon Tax To Start In 2013: Filed under: Energy News

South Africa proposed a national carbon tax as part of the country’s national budget at the end of last week, becoming the latest major economy to move toward charging for emissions. But, a large swath of emissions would be exempt until 2020. The carbon tax was included in the country’s 2012/2013 budget, and would charge emissions from all sectors, including carbon-intensive industries like electricity, petroleum, iron, steel, and aluminum. However, the proposal includes a 60 percent tax-free threshold for all large emitters “to minimize adverse impacts on industry competitiveness and effectively manage the transition to a low-carbon economy,” said the budget. All sectors except the electricity industry would also be able to claim an additional 10 percent in relief. If enacted, the tax would go into effect in 2013/2014, and impose a fee of 120 rand (roughly $16 US dollars)...

Full article: http://cleantechnica.com/2012/02/27/south-africa-proposes...

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