Cosatu welcomed the new tax, saying these were one tool in changing consumer and industrial behaviour.
The implementation of the first phase of the carbon tax is two months away and experts have warned industrial polluters to be ready.
According to Gillian Niven and Nirvasha Singh, partners at Johannesburg-based law firm Webber Wentzel, the Bill aimed to give effect to SA’s objectives and commitments to reduce GHG emissions under the National Climate Change Response Policy and the Paris Agreement respectively. However, the Bill provides for various tax-free “allowances”, which enable a reduction in carbon tax liability of up to 95%.
The Congress of the South African Trade Unions welcomed it, saying taxes were one tool in changing consumer and industrial behaviour.
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