Business & Industry Climate Change Fossil Fuels

Busa calls for carbon-tax delay, seeks regulatory impact assessment

Business Unity South African (Busa) has added its voice to the chorus of opposition to the South African government’s proposal to introduce a carbon tax from January 1, 2015.

The National Treasury is in the process of sifting through a number of comments, including Busa’s, in response to a policy paper released earlier in which it proposes a tax rate of R120/t of carbon dioxide equivalent, increasing at 10% a year during the first phase, from 2015 to 2019.

The department is aiming to complete draft legislation (which itself will be published for public comment) by the end of 2013 or in early 2014. Read on Engineering News >

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