South Africa’s Carbon Tax Set To Go Into Effect Next Week

By Jenny Gathright

A carbon tax in South Africa will go into effect on June 1. President Cyril Ramaphosa signed the measure into law on Sunday, making South Africa one of about 40 countries worldwide to adopt a carbon-pricing program.

Proponents of the carbon tax say the true cost of carbon emissions, a key contributor to climate change, is not reflected in the price of fossil fuels. Many economists have argued that taxing carbon would result in a shift toward cleaner sources of energy…Read more>>