South African Carbon Tax Now In Force (Int'l Report)
Carbon Tax,South Africa
In Johannesburg, South Africa, the Southern Courier is reporting that country's recently enacted carbon tax is now fully in force. The 120 Rand ($8.63 US) per tonne carbon tax is intended to penalize large South African emitters of greenhouse gase and thus help .
minimize the climate risks that hydrocarbon fuels present, being a major cause of air pollution and global warming.
According to the International Monetary Fund, carbon tax is the best way to cut greenhouse gas emissions as it allows for a reduction in energy consumption.
(Source: Southern Courier, 18 July, 2019)
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