26 May '12, 5am

South Africa to introduce carbon tax #climatechange

South Africa to introduce carbon tax #climatechange

This is a guest post from Harald Winkler , on staff at the Energy Research Center of the University of Cape Town in South Africa. He is a leading researcher on climate change and energy policies in South Africa and in international global warming negotiations. South African Finance Minister Pravin Gordhan announced in his budget speech that a carbon tax will be implemented in the next financial year that runs from 2013-2014. The proposal is to implement the carbon tax at a fairly low level, and then define an increasing price path over time. It is a cautious approach but this is finally an announcement that a carbon tax will be implemented, which is a major step for a developing country like South Africa. [Note: South Africa’s annual carbon emissions were among the top 20 in the world, while their per capita emissions rank them much lower and emissions over time rank lower...

Full article: http://switchboard.nrdc.org/blogs/jschmidt/guest_blog_by_...

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