SOUTH AFRICA CONSIDERS CARBON TAX
South Africa’s Finance Minister announced plans to implement a carbon tax on businesses and companies with high emissions. The carbon tax is expected to take effect January 2019, allowing businesses almost a year to transition toward lower emissions to comply with the law. Currently, the draft Carbon Tax Bill is being considered by Parliament; if accepted as is, it will tax businesses with excessive emissions a rate of R120 (US $10.35) per ton of carbon dioxide equivalent. For the full story, see https://www.dailymaverick.co.za/article/2018-02-22-budget-2018-business-stoic-while-labour-fumes/#.WpBEuq6nHcs.