Carbon tax must bring real change in behaviour related to climate change
The latest environmental levy should not be used to simply raise more revenue, the Organisation Undoing Tax Abuse says
The Organisation Undoing Tax Abuse (Outa) has urged the government to ensure that environmental taxes be clearly linked to real changes in behaviour.
The Carbon Tax Act, which has recently come into effect in SA, aims to penalise large emitters of greenhouse gases to minimise the climate risks. According to a recent report by the IMF, carbon tax is the best way to cut greenhouse gas emissions, as it allows for a reduction in energy consumption, favours cleaner energies and provides much-needed revenues, which could be used to finance sustainable and more inclusive growth...