Africa > South Africa’s treasury proposes more than tripling carbon tax rate once climate law is finalised

South Africa’s treasury proposes more than tripling carbon tax rate once climate law is finalised

Published 16:35 on February 21, 2024  /  Last updated at 00:44 on February 22, 2024  / Rebecca Gualandi /  Africa, Carbon Taxes, EMEA

South Africa’s treasury on Wednesday proposed increasing the national carbon tax rate from 190 rand ($10.05) to 640 rand ($33.86) per tonne of carbon dioxide equivalent after the country's new climate change bill comes into effect.
South Africa’s treasury on Wednesday proposed increasing the national carbon tax rate from 190 rand ($10.05) to 640 rand ($33.86) per tonne of carbon dioxide equivalent after the country's new climate change bill comes into effect.


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