Plan assesses effect of carbon tax on emissions
The Treasury published a carbon tax modelling report, Modelling the Impact on SA’s Economy of Introducing a Carbon Tax, on Thursday. The report provides an assessment of the effects of the proposed carbon tax policy on reducing greenhouse gas emissions, economic growth, employment, and industry competitiveness. The study was conducted on behalf of the Treasury under the Partnership for Market Readiness initiative administered by the World Bank, aimed at supporting countries in strengthening their policy analysis and technical capacity to implement carbon pricing measures. It closely models the design features of the tax as outlined in the 2013 carbon tax policy paper. The design aims to contribute to a meaningful and permanent reduction in greenhouse emissions, and to minimise adverse effects on low-income households and industrial competitiveness. The provision of tax-free emissions thresholds and allowances ranging from 60% to 95% will result in a relatively modest carbon tax rate...
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