Concise Guide to Carbon Tax Author discussions
08 October 2020 14:00 by Andrew Gilder , Olivia Rumble , Mansoor Parker
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In recent years, more attention has been paid in both government and the private sector to the relationship between carbon emissions and economic growth, as well as the long-term impact of greenhouse gas (GHG) emissions on society.
In 2019, the South African government moved to implement the Carbon Tax Act, an integral part of its climate change response policy package under the National Climate Change Response Policy (NCCRP) of 2011, and in line with National Development Plan (NDP).
In South Africa, implementing carbon tax gives effect to the “polluter pays” principle and helps to ensure that businesses and individuals take these costs into account in their future production, consumption and investment decisions. This will assist in reducing GHG emissions and ensuring South Africa meets its NDC commitments as part of its ratification of the 2015 Paris Agreement.
UNDERSTAND HOW CARBON TAX AFFECTS YOUR BUSINESS
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In conversation with Maria Rambharos of LexisNexis, carbon market expert, Andrew Gilder will discuss:
- An overview of the impact of climate change and global warming
- Insight into the implementation of carbon tax for South African businesses
- How businesses can ensure best practice and legal compliance (and penalties for non-compliance)
- Carbon tax license application and tax filing procedures