South African parliament approves long-delayed carbon tax bill

by Reuters

South Africa’s parliament approved on Tuesday a long-delayed carbon tax bill as it seeks to reduce harmful carbon emissions in Africa’s most industrialized and polluting country.

Big energy users including Sibanye-Stillwater and ArcelorMittal’s local unit have opposed plans by South Africa to enact carbon tax laws in 2019, arguing the levies are unaffordable and should be scrapped or delayed.

“Climate change poses the greatest threat facing humankind and South Africa intends to play its role as part of the global effort to reduce global greenhouse emissions,” Mondli Gungubele, the deputy finance minister told parliament.

Read more: https://www.reuters.com/article/us-safrica-carbontax/south-african-parliament-approves-long-delayed-carbon-tax-bill-idUSKCN1Q81U8

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