NEWS
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- South Africa has recently introduced a carbon tax. The carbon tax aims to reduce 34% carbon emissions by 2020 and 42% emissions by 2025.
- The carbon tax also seeks to ensure zero waste to landfill and boost investments for low carbon alternatives.
- A carbon tax is a type of carbon pricing. A carbon tax directly sets a price on carbon by defining a tax rate on greenhouse gas emissions or on the carbon content of fossil fuels.
- Another form of carbon pricing is the emissions trading systems (ETS), also referred to as the cap-and-trade system. ETS caps the total level of greenhouse gas emissions and allows those industries with low emissions to sell their extra allowances to larger emitters.
