National Treasury publishes Phase 2 carbon tax discussion paper for public comment
National Treasury has published a carbon tax discussion paper for public comment, outlining Phase 2 of the carbon tax.
Government announced its intention to do this in the 2024 Budget presented in February.
The paper puts forward proposals on Phase 2 of the carbon tax design from 2026 to 2035 for consultation, considering South Africa’s Nationally Determined Contribution (NDC) commitments.
The discussion document includes proposed adjustments to the basic tax-free allowance, carbon offsets, the electricity levy, the renewable-energy premium and the energy efficiency savings tax incentive.
South Africa has made commitments under the Paris Agreement to reduce emissions in the range of 398-million to 510-million tonnes of CO2 equivalent (CO2e) by 2025 and 350-million to 420-million tonnes of CO2e by 2030, and to reach net-zero emissions by 2050.
The NDCs set out policies and measures to achieve these mitigation goals and adapt to climate change, as well as the finance requirements to support the transition to a lower carbon climate resilient economy.
National Treasury has stated that carbon tax forms an integral part of the package of policy measures aimed at addressing climate change as recommended in the 2011 National Climate Change Response Policy and the 2012 National Development Plan.
National Treasury has invited stakeholders to submit written comments on the draft proposals contained in this paper to carbontax@treasury.gov.za.
After the public consultation process is concluded, the draft proposals will be revised to consider public comments and announcements will be made in the 2025 Budget.
The closing date for comments is December 13.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
