South Africa, as part of their voluntary greenhouse gas reduction plan, is exploring options to implement a tax on carbon to help reduce the country’s overall emissions according to Environmental Affairs and Tourism Minister Marthinus van Schalkwyk.  While not finalized yet, the carbon tax may start off with a small overall rate and increase as we get closer to 2018 or 2020.  In addition, the country is in discussions to implement a cap-and-trade system for carbon emissions to limit the overall greenhouse gases released into the atmosphere by the country.  This cap-and-trade system would put in place both financial rewards and penalties for carbon emissions.

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Tags: gas, Carbon Tax, greenhouse gases, green, atmosphere

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