New Carbon Tax Bill draft published for public comment
After public comments, expected early next year, the final bill is expected to be formally tabled around the middle of 2018
On Thursday, Treasury published the second draft of the Carbon Tax Bill for public comment and introduction in Parliament.Public hearings on the draft bill — expected early next year — will be held in Parliament, following which a revised bill, taking into account the public comments, will be formally tabled in Parliament, probably around the middle of 2018.The first draft Carbon Tax Bill was published for public comment in November 2015. It is the product of an extensive consultative process on carbon-tax policy which started with the publication of the carbon-tax discussion paper in 2010, followed by the 2013 carbon-tax policy paper, and the 2014 carbon-offsets paper.Treasury said in a statement that the bill will enable SA to meet its commitments under the 2015 Paris Agreement on climate change, and to reduce its greenhouse gas emissions. According to its estimates, the tax would lead to an estimated decrease in greenhouse gas emissions of 13% to 14.5% by 2025, and 26% to 33% by ...
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