The production and import of new tyres in South Africa will be subject to a R2,30 a kilogram levy to be used for collection and recycling, the group which will manage a waste tyre management plan, said on Tuesday.
Belgium’s Energy Minister Melchior Wathelet has recently announced that the tax imposed by Belgium on the nuclear power industry will without doubt be extended to 2013.
South Africa's proposed carbon tax is set to act as just another tax on South Africans while inadequately addressing issues of climate change - the very problem it was designed to address. This is because the revenue generated will not be earmarked to tackle issues of climate change, rather it will simply flow into government coffers.
Globally governments influence energy and climate change policy by either taxing the excessive use of energy, or granting tax rebates on reduced energy demand.
Measurement and verification professionals will now be regulated and accredited by a new body to assist the roll out of tax incentives for demonstrated energy savings.
Green taxes are about to be introduced in South Africa. It means local businesses will soon be able to cut their tax bill by reducing their carbon emissions.
