Proposed carbon tax rate for SA too low, say researchers

THE effective rate for the carbon tax to be introduced by January 2015 is too low and the proposed design is complex and not easy to understand, says the Energy Research Centre of the University of Cape Town. In comments on the Treasury‚Äôs policy paper issued earlier this year, the centre calls for a simpler tax, but applied at the absolute level of R120 per metric tonne on 40% of carbon tax emissions, rather than the proposed minimum of R48… Read moreProposed carbon tax rate for SA too low, say researchers