South Africa to get ready for Carbon Tax
South African finance minister tables carbon tax bill
“The Carbon Tax Bill gives effect to the 'polluter pays' principle and aims to price greenhouse gas emissions by obliging the polluter to internalise the external costs of emitting carbon, and contribute towards addressing the harm caused by such pollution,” stated the National Treasury...read more
5 things you need to know about the Carbon Tax bill
The bill is part of SA's commitment to the Paris Agreement on climate change. Finance Minister, Tito Mboweni described it as a "benefit" for all of South Africa, and part of the country's contribution to the world, given the threat climate change poses to humanity...read more
What is happening in the rest of the world?
40 countries are making polluters pay for carbon pollution. Guess who's not.
Almost 100 countries have indicated in their National Determined Contributions (NDCs) that they are interested in joining up with an international carbon pricing system as a way to meet their targets. If all those countries actually take steps to price carbon — a huge if, — the map starts to look quite interesting...read more
Carbon Pricing in Action
As of 2018, carbon pricing initiatives implemented or scheduled for implementation would cover 11 Gigatons of carbon dioxide equivalent (GtCO2e), or about 20% of global GHG emissions. The number of carbon pricing initiatives implemented or scheduled for implementation has almost doubled over the past 5 years, reaching 51 in 2018...read more