The likely impact of the implementation of Carbon Tax for South Africa
Date
2020
Authors
Nkomo, Nomawethu Cyble
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Abstract
The purpose of this report is to discuss how the implementation of the carbon tax may affect the people of South Africa as well as businesses operating in South Africa, and the likely effects carbon tax might have for South Africa if compared with other countries that have already implemented the tax. According to the National Treasury (2018:3), many countries have implemented carbon pricing through carbon tax and emission trading schemes, in some cases, regulations propose a limit on emissions and businesses are required to keep to that limit, if they do not they are liable to significant penalties. South Africa’s economic growth is largely dependent on energy-intensive industries. At the same time, these energy-intensive industries are harming the environment as a result of the amount of emissions related to their production. (Mbadlanyana, 2013:86). An analysis of the newly introduced Carbon Tax Act and its likely effects for South Africa will be conducted with comparisons to other countries that have already implemented the tax
Description
A research report submitted to the Faculty of Commerce, Law and Management, University of the Witwatersrand, Johannesburg, in partial fulfillment of the requirements for the degree of Master of Commerce (Specializing in Taxation), 2020