Carbon tax: a misguided call?
The carbon tax could impose heavy costs on industry in exchange for little environmental gain as long as delays in energy reform block firms’ ability to reduce their carbon intensity
30 May 2019 - 05:00
SA’s new carbon tax will impose a blanket cost increase on SA firms, further weakening growth and raising unemployment at a time when the economy is under immense pressure.
Though the inclusion of various tax-free allowances should help firms shoulder the burden initially, uncertainty over the carbon tax regime to be followed after 2022 and the failure to align it with SA’s other climate change instruments are likely to undermine SA’s attractiveness as an investment destination and delay its economic recovery...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.