Subsequent to the ratification of the 2015 Paris Climate Agreement, we need to prepare to operate in a carbon constrained economy over the medium to long term. This was emphasised by National Treasury in a press release on the 10th of November 2016. A business as usual scenario is no longer an option. Read more
Since the Draft Carbon Tax Bill was released in November 2015 (see our carbon tax news item of 11 April 2016), National Treasury has held various stakeholder engagements. Although various issues are now clearer, a number of issues are still being finalised. The next draft Carbon Tax Bill is expected by late August or September this year. Herewith an update since our last carbon tax news item. Read more
The Draft Carbon Tax Bill was released for comment during November 2015. The Confronting Climate Change (CCC) Initiative has received many questions with regards to the bill and has, in response, developed this summary document based on the information at our disposal at the time of writing. Read more
The proposed South African carbon tax is outlined in the summary below, followed by a more in-depth breakdown of the tax mechanism and how it relates to agriculture, derived from the Carbon Tax Policy Paper (2013).
